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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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Introduction | Conference – 2004

9 Aug 2004 Conferences
Christopher Kent and Simon Guttmann
In other words, what matters more is the existence of an inflation target. ... Without an instrument to ensure the target is attained, any announcement of an inflation target would therefore lack credibility.
https://www.rba.gov.au/publications/confs/2004/intro-2004.html

A Perspective | Conference – 1992

10 Jul 1992 Conferences
Max Corden
On the other hand, money aggregates continue to be relevant indicators, along with others, if a price inflation target is accepted, though such indicators have to be carefully interpreted. ... without any nominal wages having to fall, and without
https://www.rba.gov.au/publications/confs/1992/corden.html

Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004

9 Aug 2004 Conferences
Baltensperger, Fischer and Jordan (2002) have argued that central banks that enjoy a measure of goal independence may refrain from binding themselves with an inflation target. ... Reference. Baltensperger E, AM Fischer and TJ Jordan (2002), ‘Abstaining
https://www.rba.gov.au/publications/confs/2004/ito-disc.html

Relative Price Shocks, Inflation Expectations, and the Role of Monetary Policy | Conference – 2009

17 Aug 2009 Conferences
Pierre L Siklos
five of which explicitly target inflation, and ask: to what extent are disagreements over forecasts of inflation driven by movements in relative prices? ... The shaded areas highlight, where relevant, the period before inflation targets were introduced.
https://www.rba.gov.au/publications/confs/2009/siklos.html

5 September 2023 | Minutes of the Monetary Policy Meeting of the Board

19 Sep 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 September 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-09-05.html

1 June 2021 | Minutes of the Monetary Policy Meeting of the Board

1 Jun 2021 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 June 2021
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-06-01.html

Discussion of Inflation and Interest Rates

27 Nov 2023 Conferences PDF 230KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane-discussion-presentation.pdf

7 March 2023 | Minutes of the Monetary Policy Meeting of the Board

21 Mar 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 March 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-03-07.html

Monetary Policy Frameworks Away from the ELB

20 Dec 2023 Conferences PDF 4375KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-de-fiore-mojon-rees-sandri.pdf

6 December 2022 | Minutes of the Monetary Policy Meeting of the Board

20 Dec 2022 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 December 2022
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2022/2022-12-06.html