Summarising all this, the general pattern that has emerged over the past year has been as follows:   First, the effects of the mining boom have turned out to be stronger than expected a year ago. The terms of trade are noticeably higher and forecasts for national income and mining investment have been revised up over the year.
She said: “Sometimes central banks need to do things that are not immediately popular for the health of the economy.” 20 Indeed, it’s not our job to be everybody’s darling. This gives us all the more reason to continuously explain to the people, in a comprehensible way, why our work is nevertheless beneficial for society.