Is the Reserve Bank Going Out and Assessing the Economy?

There will be a temporary hiatus in the spending patterns, because people are more encouraged to save. The Reserve Bank only have one interest rate for the whole economy. And whether you're a 65 year old with a mortgage or a 70 year old with money in the bank on savings or a 25 year old, footloose and fancy free, it doesn't matter. So they judge that and they look at that and they can see who's borrowing as well. They actually get better information on borrowings.