2  R E S E R V E B A N K O F AU S T R A L I A  The Bank’s balance sheet The review of the BPP discusses the losses that the Bank is expected to incur over coming years because the return on its assets will be less than the interest paid on its liabilities – primarily balances in Exchange Settlement accounts.
While it was generally agreed that economic growth is one of the most important challenges facing all countries, it was emphasised that no universal recipe for growth exists since each country faces a different set of constraints. There is more to growth than good macroeconomic policy.