The flexible IT framework in place in Canada since 1991 (similar to the one recently adopted by the Fed) focuses on a medium-term inflation goal. This is a means to an end, the end being economic well-being. The central bank focuses on this goal because it is both immutable and achievable.
Now traditionally, central banking is not very ‘rock and roll’, so I am delighted to have the opportunity to launch this particular coin not only as the Deputy Governor of the Central Bank but also having grown up in Crumlin myself. I would like to thank President Higgins for launching the coin.