Given its importance to the overall Australian economy, it is also an industry that the Reserve Bank has paid close attention to over the years, and it continues to do so. Looking forward, no doubt the fortunes of the industry will continue to wax and wane.
3  Two other important factors are import prices, which are determined by world market prices and exchange rates, and relative energy prices, such as the price of oil. However, a central bank has no control over world market or relative oil prices, and so adding these factors into the analysis does not change the basic conclusion here.