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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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Discussion on The Debate on Alternatives for Monetary Policy in Australia | Conference – 1997

21 Jul 1997 Conferences
Inflation being one of the possible final targets of monetary policy, the inflation-target system is one example of a final-targeting system. ... Thus the simplicity of the inflation target can help to anchor inflationary expectations.
https://www.rba.gov.au/publications/confs/1997/mcdonald-disc.html

The International Environment

5 May 2023 SMP – May 2023
The International Environment | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/the-international-environment.html

In Brief: Statement on Monetary Policy – February 2024

6 Feb 2024 SMP
The Boards interest rate decision supports the gradual return of inflation to the midpoint of our 2–3 per cent target range. ... Labour market conditions are expected to continue to ease, to be broadly consistent with sustained full employment and
https://www.rba.gov.au/publications/smp/2024/feb/

Discussion on Designing Inflation Targets | Conference – 1997

21 Jul 1997 Conferences
This applies both in assessing the costs and benefits of moving to a lower inflation target. ... 1179–1191. 3. General Discussion. The discussion focused on how an inflation target should be designed.
https://www.rba.gov.au/publications/confs/1997/brash-debelle-disc.html

Outlook

7 May 2024 SMP – May 2024
Outlook | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/outlook.html

In Brief: Statement on Monetary Policy – May 2024

7 May 2024 SMP
Bringing inflation down to the 2–3 per cent target range is the Reserve Bank Boards highest priority. ... The Boards decision to hold the cash rate supports inflation returning to target.
https://www.rba.gov.au/publications/smp/2024/may/

Overview

7 May 2024 SMP – May 2024
Overview | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/overview.html

Financial Conditions

6 Feb 2024 SMP – February 2024
Financial Conditions | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/financial-conditions.html

Estimating Inflation Expectations with a Limited Number of Inflation-indexed Bonds

14 Mar 2011 RDP 2011-01
Richard Finlay and Sebastian Wende
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2011/2011-01.html
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Economic Conditions

7 May 2024 SMP – May 2024
Economic Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/economic-conditions.html