"We think banks will be cautious. We think households, in general, will be a bit cautious"
I'm sorry. I needed a good after-dinner laugh...
Give it a few months Geoff, and have a look at what you have done. Or more importantly for our economy, what you shouldn't have done.
(I don't thnk you've actually worked in a real bank, have you Geoff? I have. And I can tell you, the first thing that happens when a change like this comes out of the blue is - you get the Directorial Committee together and say "Right-ho. How do we make money out of this!" Caution? That's the last thing that's discussed)
