While it is very convenient for us to be meeting again in the New South Wales Parliament House about 100 metres from my office, we see merit in this hearing moving to other State capitals and Canberra on a regular basis if that is possible.
The main reason for these hearings is to improve the accountability of the Reserve Bank, both directly to Parliament, and via the press coverage to the public more generally. In the spirit of increased accountability, I should, I suppose, be accountable for what I said to this Committee at the previous hearing, as well as for what I am going to say today.