To this end, the GFXC identified some key areas requiring attention to ensure that the Code continues to provide appropriate guidance. The AFXC was heavily involved in the review process, not least because Guy Debelle – the Deputy Governor of the RBA – has been the Chair of the GFXC for the past two years.
What is more, the employment and income situation, particularly the wage situation, is becoming more severe. The expected recovery in consumption is, therefore, bound to be modest. B. Prices  The three key factors likely to shape the direction of prices for the time being are (1) the aggregate supply and demand balance; (2) medium- to long-term inflation expectations; and (3) international commodity prices.