Ian Macfarlane
Ian Macfarlane
correction debt distance far goes good household painful possible process quite rise
It is quite possible that the rise in household debt ratios could go a good distance further. The risk, of course, is that the process goes too far and that a painful correction ensues.
attitude favour economic
Most of us at the Reserve Bank come from a background in economics and hence have a predisposition in favour of free markets and a sceptical attitude towards intervention in those markets unless there is a clearly defined economic rationale for it.
government independence able
A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.
coming embrace emissions industry needs
The real emissions are coming from industry. And it's industry which needs to embrace the technology.