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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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Australia's Inflation Target | Explainer | Education

4 May 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/australias-inflation-target.html

Inflation Target

9 Mar 2023
The inflation target is defined as a medium-term average rather than as a rate (or band of rates) that must be held at all times. ... The inflation target is also, necessarily, forward-looking. This approach allows a role for monetary policy in dampening
https://www.rba.gov.au/monetary-policy/inflation-target.html

Inflation Overview

22 Mar 2023
The most well-known indicator of inflation is the Consumer Price Index (CPI). ... Learn more about the inflation target.
https://www.rba.gov.au/inflation-overview.html

What is an Optimal Inflation Target?

10 May 1996 Speech
Bernie Fraser
Speech by Bernie Fraser to the Symposium to mark the 25th Anniversary of the Monetary Authority of Singapore
https://www.rba.gov.au/speeches/1996/sp-gov-100596.html

Inflation Target

9 Mar 2023
The inflation target is defined as a medium-term average rather than as a rate (or band of rates) that must be held at all times. ... The inflation target is also, necessarily, forward-looking. This approach allows a role for monetary policy in dampening
https://www.rba.gov.au/inflation/inflation-target.html

The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997

21 Jul 1997 Conferences
Stephen Grenville
Conference – 1997 The Evolution of Monetary Policy: From Money Targets to Inflation Targets Stephen Grenville. ... For this, a new element – an inflation target – was added to the policy framework.
https://www.rba.gov.au/publications/confs/1997/grenville.html

The Implications of Recent Changes to the Consumer Price Index for Monetary Policy and the Inflation Target

10 Oct 1998 Bulletin – October 1998
Bulletin – October 1998 The Implications of Recent Changes to the Consumer Price Index for Monetary Policy and the Inflation Target. ... Download 35. KB. Since 1993, the conduct of monetary policy in Australia has been based on an inflation target.
https://www.rba.gov.au/publications/bulletin/1998/oct/1.html

Explainers | Education

4 May 2023
Succinct resources explaining key economic concepts.
https://www.rba.gov.au/education/resources/explainers/

Inflation Explorer | Education

4 May 2023
Explore how inflation has changed over time.
https://www.rba.gov.au/education/resources/digital-interactives/inflation-explorer/

Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003

18 Aug 2003 Conferences
Charles Bean
Conference – 2003 Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? ... policy. But their analysis does suggest that a richer interest rate reaction function may be required in the pursuance of that inflation target.
https://www.rba.gov.au/publications/confs/2003/bean.html