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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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Our Role

20 Sep 2018 RBA Annual Report – 2018
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2018/our-role.html

2.1 Annual Performance Statement for 2022/23

19 Oct 2023 RBA Annual Report – October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html

1.1 Our Role

19 Oct 2023 RBA Annual Report – October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html

Our Role

17 Oct 2019 RBA Annual Report – 2019
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2019/our-role.html

Our Role

25 Sep 2017 RBA Annual Report – 2017
the economic prosperity and welfare of the people of Australia. Policies in pursuit of these objectives have found practical expression in a flexible, medium-term inflation target, which has formed the ... The policy objective is for consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2017/our-role.html

Our Role

27 Oct 2022 RBA Annual Report – October 2022
The flexible medium-term inflation target underpins the monetary policy framework in Australia. ... Achieving the inflation target preserves the value of money and facilitates strong and sustainable growth in the economy over the longer term.
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-role.html

Annual Performance Statement for 2021/22

27 Oct 2022 RBA Annual Report – October 2022
Flexible medium-term inflation target to achieve consumer price inflation of between 2 and 3 per cent, on average, over time. ... The challenge now is to return inflation to the 2–3 per cent inflation target over time.
https://www.rba.gov.au/publications/annual-reports/rba/2022/annual-performance-statement.html

Governor's Foreword

19 Oct 2023 RBA Annual Report – October 2023
Governor's Foreword | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/governors-foreword.html

2.5 International Financial Cooperation

19 Oct 2023 RBA Annual Report – October 2023
International Financial Cooperation | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/international-financial-cooperation.html

Operations in Financial Markets

27 Oct 2022 RBA Annual Report – October 2022
Because the Reserve Bank no longer sets the supply of ES balances to keep the cash rate close to the target, OMO no longer targets a fixed quantity to deal. ... full. For most of 2021/22, the hurdle rate was the cash rate target.
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html