Mr. Glenn Stevens the governor of the Reserve Bank of Australia said in his speech today Australian banks are reasonably managed and they are backed by the domestic economy, while he added that most of actions taken during the crisis worked.

However, Stevens added that the economy is set to emerge from the financial crisis better than most. The Australian government allocated as much as A$20 billion for households to boost domestic demand, in addition to a adjusting the benchmark interest rates to support economic recovery.