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.
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Our Role
21 Oct 2021
RBA Annual Report
– 2021
Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the basis of Australia's monetary policy framework since the early ... 1990s. The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2021/our-role.html
The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1996
31 Dec 1996
Annual Report
It avoids conveying the impression, as a narrow “hard-edged” target might, that inflation can be controlled within bounds that central banks cannot realistically achieve. ... Even occasional failure to achieve a hard-edged inflation target runs the
https://www.rba.gov.au/publications/annual-reports/rba/1996/economy-monetary.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
Flexible medium-term inflation target to achieve consumer price inflation of between 2 and 3 per cent, on average, over time. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Reserve Bank of Australia Annual Report – 2012
10 Sep 2012
Annual Report
For almost 20 years, this general mandate has found concrete expression in the form of a medium-term inflation target of 2–3 per cent, on average, over the business cycle. ... Bulletin. , which in 2011/12 covered a range of topics, including the terms
https://www.rba.gov.au/publications/annual-reports/rba/2012/
Annual Performance Statement for 2017/18
20 Sep 2018
RBA Annual Report
– 2018
a). Performance objectives. Summary Performance Measures. Results. Monetary policy. Achieve inflation target. ... the time, were consistent with achieving the inflation target of between 2 and 3 per cent, on average, over time to foster sustainable
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html
Financial Markets | Reserve Bank of Australia Annual Report - 1996
31 Dec 1996
Annual Report
A world of low inflation will be helpful in maintaining low inflation in this country. ... Other benefits of low inflation are flowing through in more subtle, but nonetheless important ways.
https://www.rba.gov.au/publications/annual-reports/rba/1996/fin-markets.html
Annual Performance Statement for 2016/17
25 Sep 2017
RBA Annual Report
– 2017
a). Summary Performance Measures. Results. Monetary policy. Achieve inflation target. Consumer price inflation maintained between 2–3 per cent, on average, over the medium term. ... the time, were consistent with achieving the inflation target of
https://www.rba.gov.au/publications/annual-reports/rba/2017/annual-performance-statement.html
Annual Performance Statement for 2018/19
17 Oct 2019
RBA Annual Report
– 2019
with achieving the inflation target and fostering sustainable economic growth in Australia. ... This will, in turn, assist with faster progress in reducing unemployment and more assured progress towards achieving the inflation target.
https://www.rba.gov.au/publications/annual-reports/rba/2019/annual-performance-statement.html
Governor's Foreword
21 Oct 2021
RBA Annual Report
– 2021
Inflation has been below target for a number of years and the unemployment rate is still too high. ... The Reserve Bank Board remains committed to achieving the inflation target and doing what it can to return Australia to full employment.
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.html
Governor's Foreword
27 Oct 2022
RBA Annual Report
– October 2022
Reserve Bank of Australia Annual Report – 2022Governors Foreword. The past year has seen the return of high inflation as a major policy concern globally. ... changed. The task ahead is to return inflation to target while keeping the economy on an even
https://www.rba.gov.au/publications/annual-reports/rba/2022/governors-foreword.html