Inflation Target | RBA - Reserve Bank of Australia
WEBThe Governor and the Treasurer have agreed that the appropriate target for monetary policy in Australia is to achieve an inflation rate of 2–3 per cent. This is a rate of inflation sufficiently low that it does not materially distort economic decisions in the community.
Statement by the Reserve Bank Board: Monetary Policy Decision
WEB1 day ago — Communications Department Reserve Bank of Australia SYDNEY. Phone: +61 2 9551 8111 Email: [email protected]. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
Inflation falls to within RBA's target limit but economists cautious ...
WEB15 hours ago — Inflation for the 12 months to August dropped within the RBA target band to 2.7 per cent, down from July's 3.5 per cent, with electrical rebates contributing to the headline drop.
At 2.7%, Australian inflation is back within the RBA zone. Here’s …
WEB10 hours ago — Published: September 25, 2024 12:17am EDT. X (Twitter) A closely watched measure of Australian inflation dived in the month of August, plunging from 3.5% in July to just 2.7%. The dip below 3% ...
Australia inflation slows to 3-yr low in Aug, core still above target
WEB12 hours ago — The RBA has kept rates steady since November, judging that the cash rate of 4.35% - up from a record-low 0.1% during the pandemic - is restrictive enough to bring inflation to its target band of 2 ...
Australia's Headline Inflation Rate Falls Back to RBA Target — …
WEB10 hours ago — By James Glynn. SYDNEY--Australia's headline inflation rate fell to within the Reserve Bank of Australia's target band for the first time since 2021 in August, but economists warn that this won't ...
WEBThe Reserve Bank has an inflation target to achieve the goals of price stability, full employment, and prosperity and welfare of the Australian people. 2-3% Australia’s inflation target is to keep consumer price inflation between 2–3%.
RBA commits to 2.5 per cent inflation target, more transparency …
WEBDec 8, 2023 — A new Reserve Bank aim to get inflation down to 2.5 per cent could keep interest rates higher for longer, after the bank formed a new agreement with the treasurer which also details major changes ...
Why the RBA is highly unlikely to lift interest rates next week, even ...
WEBJul 30, 2024 — Inflation has been falling for the past five quarters, getting closer and closer to the Reserve Bank’s target band. At the last quarterly read, three months ago, it wasn’t far away.
Inflation officially within RBA's target band
WEB9 hours ago — Down from 3.5% in July and marking the lowest reading since August 2021, the monthly data means inflation finally sits within the RBA ’s 2-3% inflation target band. However, the fight against inflation hasn’t been won yet, with the central bank putting less onus on the more volatile monthly figures compared to the quarterly data.