Skip to content
Reserve Bank of Australia Reserve Bank of Australia
  • Monetary Policy
  • Market Operations
  • Payments & Infrastructure
  • Financial Stability
  • Banknotes
  • Financial Services
  • About Us
  • Media Releases
  • Speeches
  • Publications
  • Statistics
  • Chart Pack
  • Research
  • Archives
  • Education
  • Careers
  • Q&A

In Publications

  • Statement on Monetary Policy
    • 2023
      • February
      • Boxes
    • 2022
      • November
      • August
      • May
      • February
      • Boxes
    • 2021
      • November
      • August
      • May
      • February
      • Boxes
    • 2011–2020
      • 2020
        • November
        • August
        • May
        • February
        • Boxes
      • 2019
        • November
        • August
        • May
        • February
        • Boxes
      • 2018
        • November
        • August
        • May
        • February
        • Boxes
      • 2017
        • November
        • August
        • May
        • February
        • Boxes
      • 2016
        • November
        • August
        • May
        • February
        • Boxes
      • 2015
        • November
        • August
        • May
        • February
        • Boxes
      • 2014
        • November
        • August
        • May
        • February
        • Boxes
      • 2013
        • November
        • August
        • May
        • February
        • Boxes
      • 2012
        • November
        • August
        • May
        • February
        • Boxes
      • 2011
        • November
        • August
        • May
        • February
        • Boxes
    • 2001–2010
      • 2010
        • November
        • August
        • May
        • February
        • Boxes
      • 2009
        • November
        • August
        • May
        • February
        • Boxes
      • 2008
        • November
        • August
        • May
        • February
        • Boxes
      • 2007
        • November
        • August
        • May
        • February
        • Boxes
      • 2006
        • November
        • August
        • May
        • February
        • Boxes
      • 2005
        • November
        • August
        • May
        • February
        • Boxes
      • 2004
        • November
        • August
        • May
        • February
        • Boxes
      • 2003
        • November
        • August
        • May
        • February
        • Boxes
      • 2002
        • November
        • August
        • May
        • February
        • Boxes
      • 2001
        • November
        • August
        • May
        • February
        • Boxes
    • 1997–2000
      • 2000
        • November
        • August
        • May
        • February
        • Boxes
      • 1999
        • November
        • August
        • May
        • February
        • Boxes
      • 1998
        • November
        • August
        • May
        • February
        • Boxes
      • 1997
        • November
        • August
        • May
        • February
        • Boxes
    • Forecasts archive
  • Financial Stability Review
    • 2022
      • October
      • April
      • Boxes
    • 2021
      • October
      • April
      • Boxes
    • 2011–2020
      • 2020
        • October
        • April
        • Boxes
      • 2019
        • October
        • April
        • Boxes
      • 2018
        • October
        • April
        • Boxes
      • 2017
        • October
        • April
        • Boxes
      • 2016
        • October
        • April
        • Boxes
      • 2015
        • October
        • March
        • Boxes
      • 2014
        • September
        • March
        • Boxes
      • 2013
        • September
        • March
        • Boxes
      • 2012
        • September
        • March
        • Boxes
      • 2011
        • September
        • March
        • Boxes
    • 2004–2010
      • 2010
        • September
        • March
        • Boxes
      • 2009
        • September
        • March
        • Boxes
      • 2008
        • September
        • March
        • Boxes
      • 2007
        • September
        • March
        • Boxes
      • 2006
        • September
        • March
        • Boxes
      • 2005
        • September
        • March
        • Boxes
      • 2004
        • September
        • March
        • Boxes
  • Monetary Policy Minutes
    • 2021–2023
      • 2023
      • 2022
      • 2021
    • 2011–2020
      • 2020
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
    • 2006–2010
      • 2010
      • 2009
      • 2008
      • 2007
      • 2006
  • Bulletin
  • Research Discussion Papers
  • Podcasts and Other Media
  • Annual Reports
    • Reserve Bank
      • 2021–2022
        • 2022
        • 2021
      • 2011–2020
        • 2020
        • 2019
        • 2018
        • 2017
        • 2016
        • 2015
        • 2014
        • 2013
        • 2012
        • 2011
      • 2001–2010
        • 2010
        • 2009
        • 2008
        • 2007
        • 2006
        • 2005
        • 2004
        • 2003
        • 2002
        • 2001
      • 1991–2000
        • 2000
        • 1999
        • 1998
        • 1997
        • 1996
        • 1995
        • 1994
        • 1993
        • 1992
        • 1991
      • 1980–1990
        • 1990
        • 1989
        • 1988
        • 1987
        • 1986
        • 1985
        • 1984
        • 1983
        • 1982
        • 1981
        • 1980
      • 1960–1967
        • 1967
        • 1966
        • 1965
        • 1963
        • 1962
        • 1961
        • 1960
    • Payments System Board
      • 2021–2022
        • 2022
        • 2021
      • 2011–2020
        • 2020
        • 2019
        • 2018
        • 2017
        • 2016
        • 2015
        • 2014
        • 2013
        • 2012
        • 2011
      • 2001–2010
        • 2010
        • 2009
        • 2008
        • 2007
        • 2006
        • 2005
        • 2004
        • 2003
        • 2002
        • 2001
      • 1999–2000
        • 2000
        • 1999
    • Equity & Diversity
      • About
      • 2011–2019
        • 2019
        • 2018
        • 2017
        • 2016
        • 2015
        • 2014
        • 2013
        • 2012
        • 2011
      • 2001–2010
        • 2010
        • 2009
        • 2008
        • 2007
        • 2006
        • 2005
        • 2004
        • 2003
        • 2002
        • 2001
      • 1988–2000
        • 2000
        • 1999
        • 1998
        • 1997
        • 1996
        • 1995
        • 1994
        • 1993
        • 1992
        • 1991
        • 1990
        • 1989
        • 1988
  • Corporate Plan
  • Conferences
    • 2022
    • 2011–2019
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
    • 2001–2010
      • 2010
      • 2009
      • 2008
      • 2007
      • 2006
      • 2005
      • 2004
      • 2003
      • 2002
      • 2001
    • 1991–2000
      • 2000
      • 1999
      • 1998
      • 1997
      • 1996
      • 1995
      • 1994
      • 1993
      • 1992
      • 1991
    • 1976–1990
      • 1990
      • 1989
      • 1979 (Out of print)
      • 1977 (Out of print)
      • 1976 (Out of print)
  • Workshops
    • Research
      • 2022
      • 2019
      • 2018
      • 2017
      • 2016
      • 2015
      • 2014
      • 2013
      • 2012
      • 2011
      • 2010
      • 2009
      • 2008
      • 2007
    • Other
  • Submissions
    • Financial Sector
    • Housing and Housing Finance
    • Bank Funding, Fees and Margins
    • Labour Market
    • Economic Activity
    • Prices
    • Private Equity
    • Payments System
    • Performance and Accountability
    • Education
    • Data Sharing
  • Consultations
  • Assessments of Financial Market Infrastructures

Statement on Monetary Policy February 2012

  • RSS Feed of Statement on Monetary Policy

Download the complete Statement 2.8MB

  • Overview
    Download 329KB
  • International Economic Developments
    Download 614KB
  • Box A: China's Residential Property Market
    Download 576KB
  • Box B: Fiscal Consolidation and Economic Growth in the Advanced Economies
    Download 642KB
  • International and Foreign Exchange Market
    Download 1.5MB
  • Domestic Economic Conditions
    Download 1MB
  • Box C: Imports and Investment
    Download 429KB
  • Domestic Financial Markets
    Download 1MB
  • Box D: Covered Bond Issuance by Australian Banks
    Download 493KB
  • Price and Wage Developments
    Download 646KB
  • Economic Outlook
    Download 412KB
  • List of graphs
  • List of tables

The material in this Statement on Monetary Policy was finalised on 9 February 2012.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)

Related Information

  • See all Statement Boxes
↑ Back to top

Sign up for email alerts

Subscribe

Follow us

  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram
  • Flickr

Affiliate sites

  • Banknotes
  • Unreserved
  • Museum
  • Council of Financial Regulators
  • Australian Foreign Exchange Committee
  • H.C. Coombs Centre

The Reserve Bank of Australia supports the Foundation for Children.

The materials on this webpage are subject to copyright and their use is subject to the terms and conditions set out in the Copyright and Disclaimer Notice. © Reserve Bank of Australia, 2001–2023. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to country. We pay our respects to their Elders, past and present.

References

  • For Media
  • Judicial Notice
  • Privacy
  • Accessibility
  • Procurement
  • Glossary
  • Contact Us
  • Report a Vulnerability
  • Scams
  • Public Interest Disclosure
  • Access to Information