Our judgement is that the current setting of the cash rate is consistent with both this and achieving sustainable growth in our economy. We will continue to review that judgement at future meetings. I would like to turn to some other aspects of the work we do at the Reserve Bank.
These reforms include how to retain quality staff, how to develop effective incentive schemes, how to establish a favorable environment that foster fast growth of good institutions and force poor ones to undertake reform, and how to help the commercial banks to compete domestically and internationally when our commitments to the WTO come due. All of these topics require in-depth research.