The equivalent of “zapping” in monetary policy terms is adopting an activist policy, with over-eager responses to all the items of daily information in the financial markets. I sometimes have the impression that activism is experiencing a revival in some circles, although the past has demonstrated clearly how ill-advised we would be to follow such policies.
In April 1966, we issued a commemorative silver ten-shilling coin to mark the 50th anniversary of the 1916 Easter Rising. We take great pride in the issuing of such commemorative coins. It is an important element of our public service role and is a unique way to pay tribute to individuals and events of national importance.