These new higher frequency experimental statistics complemented existing datasets and official statistics, allowing us to deliver timely economic assessments for both internal discussions and publications to inform the public. Future challenges So, the direction of travel is positive but the challenges ahead remain substantial.
One challenge that both our Governor and I have outlined in recent months is related to climate change and the challenge of transitioning the economy and society to a low-carbon environment.2 3 The Central Bank has been taking steps in this space in recent years and indeed our keynote speaker today discussed climate change and its effects on the Irish Financial System during his time as Governor.4 This year, the Central Bank has established a dedicated climate change unit to strategically drive the work that the Central Bank needs to do to address the challenge of climate change within its mandate.