The Central Bank took several steps to mitigate the adverse effects that could be anticipated, including buy-backs of our securities in auctions and the secondary market; and the optimization of auctions, according to prevailing liquidity conditions. In this sense, the current managed floating exchange rate regime has been a key factor to our strategy.
Over the past decade, superannuation funds have increased their net investment in Australian equities by the equivalent of around 2 per cent of GDP per year, which in current dollars is equal to an annual net new investment of around $ billion.