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 of the Reserve Bank
4 Sep 2008
RBA Annual Report
– 2008
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, over the cycle.
https://www.rba.gov.au/publications/annual-reports/rba/2008/functions-obj.html
Australia and the World Economy
26 Jun 2023
RBA Annual Report
– 1976
monetary growth, including the drawing of attention in some countries to monetary aggregates as targets or indicators of performance. ... Those where earlier policies were tightest seemed to have achieved greatest success against inflation.
https://www.rba.gov.au/publications/annual-reports/rba/1976/australia-and-the-world-economy.html
Governor's Foreword
25 Sep 2017
RBA Annual Report
– 2017
As has been the case for some years now, inflation is below target in most economies. ... This followed inflation outcomes earlier that year that were noticeably lower than expected.
https://www.rba.gov.au/publications/annual-reports/rba/2017/governors-foreword.html
The World Economy and the Australian Balance of Payments
22 Jun 2023
RBA Annual Report
– 1977
economic activity towards which policies are directed should be gradual, so as not to rekindle inflation. ... Those countries using guidelines (or target ranges) for the growth of monetary aggregates mostly appear to have been reasonably close to their
https://www.rba.gov.au/publications/annual-reports/rba/1977/world-economy-and-the-aus-balance-of-payments.html
Governor's Foreword
12 Apr 2020
RBA Annual Report
– 2020
The Bank also adopted a target for the 3-year Australian Government bond yield for the first time. ... It is likely, though, that Australia will experience relatively high unemployment over the next couple of years and that inflation will be below target.
https://www.rba.gov.au/publications/annual-reports/rba/2020/governors-foreword.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
Over the past year, volatility in commodity and financial markets has increased alongside heightened geopolitical tensions, higher inflation and the withdrawal of policy stimulus. ... Australia. (RBA/ASIC). LCH Ltd. SwapClear service: OTC IRDs and
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
Governor's Foreword
16 Oct 2015
RBA Annual Report
– 2015
Inflation remained low and, abstracting from the temporary effects of falling energy prices, was consistent with the medium-term target.
https://www.rba.gov.au/publications/annual-reports/rba/2015/governors-foreword.html
Accountability and Communication
25 Sep 2017
RBA Annual Report
– 2017
Australia's housing market and the importance of inflation expectations for price stability were examined. ... In addition to communicating the Reserve Bank's analysis of domestic and global economic conditions, speeches covered the operation of Australia
https://www.rba.gov.au/publications/annual-reports/rba/2017/accountability-and-communication.html
Governor's Foreword
16 Oct 2013
RBA Annual Report
– 2013
The unemployment rate rose gradually, while inflation remained consistent with the medium-term target. ... The RBRF therefore stands at $2.5 billion and remains well below its target level.
https://www.rba.gov.au/publications/annual-reports/rba/2013/gov-foreword.html
Reserve Bank Board and Governance
21 Aug 2002
RBA Annual Report
– 2002
endorsed the Bank's inflation target.
https://www.rba.gov.au/publications/annual-reports/rba/2002/rba-board.html