In line with our mandate to assess all risks to financial stability and to provide independent economic advice, the Central Bank of Ireland necessarily takes a long view. Given the uncertainty I discussed around climaterelated risks, this long-term view is essential. Central banks must always be cognisant of the longer-term costs associated with action, or inaction.
We all must play a part in meeting this challenge. The mission of the Central Bank of Ireland is to serve the public interest by safeguarding monetary and financial stability and by working to ensure that the financial system operates in the best interests of consumers and the wider economy.