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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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
Functions and Objectives of the Reserve Bank
25 Oct 2010
RBA Annual Report
– 2010
For more than 15 years now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price inflation at 2–3 per cent, on average, over the cycle.
https://www.rba.gov.au/publications/annual-reports/rba/2010/functions.html
Functions and Objectives of the Reserve Bank
31 Aug 2007
RBA Annual Report
– 2007
For more than a decade now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price inflation at 2–3 per cent, on average.
https://www.rba.gov.au/publications/annual-reports/rba/2007/functions-obj.html
Governor's Foreword
12 Sep 2014
RBA Annual Report
– 2014
With interest rates at a five-decade low, the Board judged monetary policy to be appropriately configured to support demand, consistent with the inflation target, as investment in the mining sector ... higher inflation.
https://www.rba.gov.au/publications/annual-reports/rba/2014/gov-foreword.html
Functions and Objectives of the Reserve Bank
29 Aug 2011
RBA Annual Report
– 2011
the economic prosperity and welfare of the people of Australia.’. For almost 20 years now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price
https://www.rba.gov.au/publications/annual-reports/rba/2011/functions.html
Economic Developments and Monetary Policy
20 Jun 2023
RBA Annual Report
– 1979
During 1978/79, there were, in many countries, set-backs to efforts to reduce inflation. ... Inflation, after moderating for three years, stayed about the same as in 1977/78.
https://www.rba.gov.au/publications/annual-reports/rba/1979/eco-dev-mon-policy.html
Functions and Objectives of the Reserve Bank
20 Aug 2009
RBA Annual Report
– 2009
For more than 15 years now, this general mandate has found concrete expression in the form of a medium-term inflation target. ... Monetary policy aims to keep the rate of consumer price inflation at 2–3 per cent, on average, over the cycle.
https://www.rba.gov.au/publications/annual-reports/rba/2009/functions.html
Governor's Foreword
10 Sep 2012
RBA Annual Report
– 2012
cash rate was in fact lowered four times during the past year as the global economy softened, the non-mining sector grew more slowly than anticipated and evidence emerged that inflation ... These changes were made according to the medium-term, flexible
https://www.rba.gov.au/publications/annual-reports/rba/2012/gov-foreword.html
Economic Survey
9 Mar 2023
RBA Annual Report
– 1960
those of South-East Asia, where growth fell short of targets set in development plans. ... At the same time, new institutional facilities are encouraging the belief that protection from inflation is in fact possible.
https://www.rba.gov.au/publications/annual-reports/rba/1960/economic-survey.html
Annual Performance Statement for 2015/16
24 Oct 2016
RBA Annual Report
– 2016
During 2015/16, monetary policy remained focused on the medium-term inflation target, which allows the Bank to foster sustainable economic growth in Australia and maintain inflation of between 2 and ... This is consistent with the medium-term inflation
https://www.rba.gov.au/publications/annual-reports/rba/2016/annual-performance-statement.html