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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.

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January | 2024

25 Jan 2024 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/jan/

5-6 February 2024 | Minutes of the Monetary Policy Meeting of the Board

20 Feb 2024 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5-6 February 2024
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2024/2024-02-06.html

Inflation

4 Feb 2022 SMP – February 2022
Statement on Monetary Policy – February 20224. Inflation. Inflation was much stronger in the December quarter of 2021 than was expected at the time of the November. ... However, survey measures of long-term inflation expectations have remained around 2
https://www.rba.gov.au/publications/smp/2022/feb/inflation.html

Inflation and the Cost of Living

20 Mar 2014 Bulletin – March 2014
David Jacobs, Dilhan Perera and Thomas Williams
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

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

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

Monetary Policy Goals for Inflation in Australia

30 Nov 2009 RDP PDF 85KB
is a relative paucity of academic literature on operating monetary policy withexplicit inflation targets. ... Since in many instances theannouncement of inflation targets is a relatively recent phenomenon, and no countryhas yet operated with an inflation
https://www.rba.gov.au/publications/rdp/1995/pdf/rdp9503.pdf

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

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

China's Evolving Monetary Policy Framework in International Context

1 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
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
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