You can be assured that I will do my best to answer your questions constructively and I look forward to regular hearings over coming years. In my opening remarks, I would like to cover three sets of issues. The first is the monetary policy framework. The second is recent economic developments in Australia and elsewhere.
And the third is the major projects that the Reserve Bank is currently undertaking. The Monetary Policy Framework Earlier this week, the Treasurer and I released an updated Statement on the Conduct of Monetary Policy.