These are our goals and we are committed to achieving them. An important element of our policy package is the cash rate target being set at what is the effective lower bound of 0.1 per cent (Graph 11). The Board will maintain this setting of the cash rate target until inflation is sustainably within the 2–3 per cent range.
Before leaving the past year, I want to recognize one other notable personal contribution to the standing of gold - Kelly Holmes’ outstanding achievement in winning two of the most thrilling Olympic gold medals any of us can ever wish to see. I mention this particularly because it gave rise to my own personal golden moment of the past year.