In particular, central banks that are operating inflation targeting regimes may fall into dilemmas as they try to decide on policy options, while dealing with their tasks both of anchoring inflation at the target level, and of achieving macroeconomic and financial stability.
BIS Review 12/2006  5  Australia's Domestic Economy and Monetary Policy There is not very much I can say that is new on the domestic economy, given the recent release of our Statement on Monetary Policy and our appearance before the House Economics Committee last week. Let me reiterate the main themes.