Our credit support measures have in addition been driven by the goal of alleviating funding risk and thereby forestalling a wider systemic crisis which would jeopardise our primary objective of price stability.
If the economy performs as projected in the October Outlook Report, it will have been expanding at a pace above its potential for a very long period of time, since the actual growth rates for fiscal 2003 and 2004 have been around 2.0 percent, exceeding the Bank's estimate of a potential growth rate of around 1.0 percent.