For me, such future prospects are unsettling. Even though the scenarios seem worrying, it is not too late to act. We, as finance professionals, play an important role in this fight against climate change. As we heard yesterday, a significant amount of investment is required to transform our economies into sustainable ones.
Conversely, the case for moving more quickly would be strengthened in a world where the labour market was deteriorating and people were having increasing difficulty finding jobs. To be clear, our core objective is to deliver a rate of inflation that averages between 2 and 3 per cent over time.