We regard this system as having reached an advanced stage of evolution, with the formal exchange of letters between the Treasurer and the Governor in 1996, endorsing the framework which had then been in existence for some years. It can no doubt be tweaked in various operational ways, but we would regard these as minor modifications, rather than full upgrades.
So there is no obvious or compelling logic which would move us to a subsequent stage of history. Of course, ”things” happen, and they may happen so as to invalidate the inflation targeting framework.