As the Governor of the Reserve Bank, it is my job to worry about the future even while things are going well in the present.
Australia, with a third the UK’s population and about half its absolute GDP, as the eighteenth largest economy,5 and with a correspondingly more modest stature on international bodies, cannot see itself in quite the same way. We have well-developed financial markets and there are plans to develop more as a regional financial centre, but realistically Sydney will never rival London.