Similarly, the Reserve Bank of Australia announced a numerical inflation objective in 1993, and this objective was formalized about three years later when the government and governor issued a joint "Statement on the Conduct of Monetary Policy" (see Fraser, 1993; Reserve Bank of Australia and the Treasurer of Australia, 1996; and Reserve Bank of Australia, 2008).
And as many of you will know, we are exploring the concept of a digital euro with our Eurosystem colleagues, conducting practical experimentation, listening to the views of the broader public and engaging with stakeholders.11 Climate change is already having a profound effect on our planet.