Production of "electrical machinery, and information and communication electronics equipment" has increased for on-board equipment for motor vehicles, as has production of items used for personal computers and peripheral devices, partly due to renewal demand associated with the end of support for some operating systems.
While financial system vulnerabilities are still elevated, the fact that they have stabilized and edged down in a number of respects is positive. Let me conclude by pointing out that, even with last week’s increase in the policy rate to 1.75 per cent, monetary policy remains stimulative.