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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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Annual Performance Statement

21 Oct 2021 RBA Annual Report – 2021
Flexible medium-term inflation target to achieve consumer price inflation of between 2 and 3 per cent, on average, over time. ... Over time, this will help achieve the inflation target. The Bank has also remained flexible in the course of achieving
https://www.rba.gov.au/publications/annual-reports/rba/2021/annual-performance-statement.html

Reserve Bank of Australia Annual Report 2021 - Governor's Foreword

13 Oct 2021 RBA Annual Report 2021 PDF 77KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/governors-foreword.pdf

Reserve Bank of Australia Annual Report 2019 - Our Role

10 Feb 2020 RBA Annual Report 2019 PDF 796KB
https://www.rba.gov.au/publications/annual-reports/rba/2019/pdf/our-role.pdf

Reserve Bank of Australia Annual Report – 2013

16 Oct 2013 Annual Report
people. Since 1993, 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. ... The Bank is committed to improving the environmental performance of its
https://www.rba.gov.au/publications/annual-reports/rba/2013/

Reserve Bank of Australia Annual Report 2021 - Annual Performance Statement

30 Jun 2022 RBA Annual Report 2021 PDF 187KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/annual-performance-statement.pdf

Reserve Bank of Australia Annual Report 2012 - Functions and Objectives of the Reserve Bank

13 Sep 2012 RBA Annual Report 2012 PDF 126KB
https://www.rba.gov.au/publications/annual-reports/rba/2012/pdf/functions.pdf

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

Reserve Bank of Australia Annual Report 2018

10 Feb 2020 RBA Annual Report 2018 PDF 8962KB
https://www.rba.gov.au/publications/annual-reports/rba/2018/pdf/2018-report.pdf

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

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