Search: inflation target
RBA Glossary definition for inflation target
inflation target – A tool to guide monetary policy expressed as a preferred range or figure for the rate of increase in prices over a period. In Australia, the inflation target is between 2 and 3 per cent per annum on average over the course of the business cycle.
RBA Glossary definition for inflation
inflation – A measure of the change (increase) in the general level of prices.
Search Results
Inflation and the Cost of Living
20 Mar 2014
Bulletin
– March 2014
This article looks at increases in the cost of living for Australian households over the past decade. Inflation as measured by changes in the consumer price index (CPI) overstates ‘true’ increases in the cost of living due to a number of
https://www.rba.gov.au/publications/bulletin/2014/mar/4.html
Data Availability
25 Mar 2024
Chart Pack
Data availability for graphs included in the Bank's monthly ‘Chart Pack’
https://www.rba.gov.au/chart-pack/data-availability.html
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
To the extent that there is a welfare-relevant case for an inflation target as opposed to a real-interest-rate target, it must be as a proxy for stabilisation of ... As well as affecting intertemporal price ratios, monetary policy based on an inflation
https://www.rba.gov.au/publications/confs/1997/quiggin.html
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
Inflation had begun to decline to rates much more consistent with the Bank's medium-term inflation target, having been slightly above target for a year or so previously. ... While current rates of growth of wages and salaries are still consistent with
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
Such a rule is clearly not viable as a means to achieve an inflation target. ... When wages growth is tied to the inflation target, inflation shocks are not passed on into wages and hence are not fed back into the inflation process.
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html
The Australian Economy and Financial Markets
2 May 2024
Chart Pack
PDF
5792KB
The Australian Economy and Financial Markets - May 2024
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf
Monetary Policy and Inflation Targeting
10 Oct 1997
Bulletin
– October 1997
The adoption of inflation targets has played an important role in anchoring inflation expectations. ... Unlike in some other countries, the Australian inflation target was implemented only after inflation had been reduced.
https://www.rba.gov.au/publications/bulletin/1997/oct/3.html
Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
Fifth, if the public believes in the inflation target, the long-term interest rate would increase and this would damage the economy. ... First, the inflation target ceiling rate is not specified. Second, the projected date when the Bank would like to
https://www.rba.gov.au/publications/confs/2004/ito.html
Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
In contrast to the exchange-rate target, but like the monetary-aggregate target, inflation targets enable monetary policy to focus on domestic considerations and to respond to shocks to the economy. ... Finally, inflation targets have the advantage that
https://www.rba.gov.au/publications/confs/1997/mishkin.html
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
The precise manner in which the high-level objectives for monetary policy translate into inflation targets differs only to a degree across advanced economies. ... Unlike inflation targets in most inflation-targeting monetary policy frameworks, the
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
See 9 more results from "RDP 2019-11"