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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Statement by the Reserve Bank Board: Monetary Policy Decision
7 May 2024
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
https://www.rba.gov.au/media-releases/2024/mr-24-08.html
Twenty-five Years of Inflation Targeting in Australia
26 Apr 2018
Speech
PDF
237KB
New Zealand had announced its inflation target in 1989, followed by Canada and Sweden. ... As noted, the inflation target was first adopted by the Reserve Bank in 1993.
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-04-12.pdf
Inflation and Recent Economic Data
8 Mar 2023
Speech
Speech delivered by Philip Lowe, Governor, to the Financial Review Business Summit 2023, Sydney
https://www.rba.gov.au/speeches/2023/sp-gov-2023-03-08.html
Inflation and the Monetary Policy Framework
8 Sep 2022
Speech
Speech delivered by Philip Lowe, Governor, to the Anika Foundation, Sydney
https://www.rba.gov.au/speeches/2022/sp-gov-2022-09-08.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
5 Sep 2023
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-23.html
Statement by Michele Bullock, Governor: Monetary Policy Decision
5 Dec 2023
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-35.html
Statement by Michele Bullock, Governor: Monetary Policy Decision
7 Nov 2023
Media Releases
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-30.html
Statement by Michele Bullock, Governor: Monetary Policy Decision
3 Oct 2023
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-25.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
4 Jul 2023
Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-16.html
The Outlook for Inflation and Employment
14 Feb 2024
Speech
PDF
573KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-so-2024-02-13.pdf