Graph 6  The developments in these six graphs have their roots in a number of influences. The first is financial liberalisation and the return to low interest rates in the 1990s after the high inflation of the 1970s and 1980s.
And the second is the large increase in Australia’s terms of trade,  BIS central bankers’ speeches  5  due to strong growth in Asia, and China in particular. 2 The strong productivity growth in the 1990s and the recovery from the early 1990s recession also played some role.