Also, the fact that Australia has been virtually at the top of the international growth league, while achieving a respectable middle order ranking on inflation, shows that we have not over-emphasised inflation control at the expense of economic growth.
While I think there is now a consensus that the inflation-targeting approach to monetary policy makes sense, there is always room for disagreement about how it is applied in practice. Such differences of view are part and parcel of the normal policy debate, and we of course participate in it and listen to other views.