The enhancements to our communication strategy were developed through a comprehensive process over the past year or so, but they have turned out to be particularly timely in light of recent economic and financial developments. As you are well aware, the U.S. economy has been experiencing a bout of financial instability over the past few months.
1  BIS Review 64/2000  Diagram 1 Expansions in GDP Cyclical trough = 100 INDEX  INDEX 1990S  140  140  1980S 135  135  130  130  125  125  120  120 1970S  115  115  110  110  105  105  100  100  95  1  2  3  4  5  6  7  8  9  95  Years since trough  I think there is a reasonable consensus forming in Australia, as there is in a number of other countries, that inflation-targeting is a good approach to monetary policy.