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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Functions and Objectives
12 Sep 2014
RBA Annual Report
– 2014
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 to keep consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2014/functions.html
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
Reserve Bank of Australia Annual Report – 2014
12 Sep 2014
Annual Report
Since the early 1990s, this general mandate has found practical expression in a flexible, medium-term inflation target of 2-3 per cent, on average, over the business cycle. ... The Bank remains committed to improving the environmental performance of its
https://www.rba.gov.au/publications/annual-reports/rba/2014/
Governor's Foreword
21 Oct 2021
RBA Annual Report
– 2021
Inflation has been below target for a number of years and the unemployment rate is still too high. ... The Reserve Bank Board remains committed to achieving the inflation target and doing what it can to return Australia to full employment.
https://www.rba.gov.au/publications/annual-reports/rba/2021/governors-foreword.html
Annual Performance Statement for 2016/17
25 Sep 2017
RBA Annual Report
– 2017
a). Summary Performance Measures. Results. Monetary policy. Achieve inflation target. Consumer price inflation maintained between 2–3 per cent, on average, over the medium term. ... the time, were consistent with achieving the inflation target of
https://www.rba.gov.au/publications/annual-reports/rba/2017/annual-performance-statement.html
Governor's Foreword
20 Sep 2018
RBA Annual Report
– 2018
Inflation rates remain low, but have generally moved closer to central bank targets. ... Economic growth has gradually picked up and inflation is moving closer to the Reserve Bank's target.
https://www.rba.gov.au/publications/annual-reports/rba/2018/governors-foreword.html
Our Role
12 Apr 2020
RBA Annual Report
– 2020
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/2020/our-role.html
Our Charter, Core Functions and Values
24 Oct 2016
RBA Annual Report
– 2016
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 to keep consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2016/our-charter-core-functions-and-values.html
Annual Performance Statement for 2018/19
17 Oct 2019
RBA Annual Report
– 2019
with achieving the inflation target and fostering sustainable economic growth in Australia. ... This will, in turn, assist with faster progress in reducing unemployment and more assured progress towards achieving the inflation target.
https://www.rba.gov.au/publications/annual-reports/rba/2019/annual-performance-statement.html
Governor's Foreword
17 Oct 2019
RBA Annual Report
– 2019
Inflation remains low, with less progress having been made towards the medium-term inflation target than was expected this time last year. ... This easing of monetary policy will help boost jobs growth and support more assured progress towards the
https://www.rba.gov.au/publications/annual-reports/rba/2019/governors-foreword.html