Australia's approach to monetary policy

According to Australia's Reserve Bank Act, the central bank's broad policy objectives include maintaining the stability of the currency, full employment, and the economic prosperity and welfare of the people of Australia. In 1993 the Reserve Bank of Australia adopted a specific, and thus transparent, inflation target as its operating objective; it aims to keep overall inflation between 2 percent and 3 percent on average over the business cycle.

MoreLess

Year of publication:	2002
Authors:	Little, Jane Sneddon
Published in:	New England Economic Review. - Federal Reserve Bank of Boston. - 2002, Q 2, p. 13-17
Publisher:	Federal Reserve Bank of Boston
Subject:	Monetary policy - Australia \| Reserve Bank of Australia \| Banks and banking \| Central - Australia

More details

Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005729111