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Australia's approach to monetary policy

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  • Jane Sneddon Little

Abstract

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.

Suggested Citation

  • Jane Sneddon Little, 2002. "Australia's approach to monetary policy," New England Economic Review, Federal Reserve Bank of Boston, issue Q 2, pages 13-17.
    • Handle: RePEc:fip:fedbne:y:2002:i:q2:p:13-17
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    File URL: http://www.bostonfed.org/economic/neer/neer2002/neer202c.pdf
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    References listed on IDEAS

    as
    1. Paul Mylonas & Sebastian Schich & Thorsteinn Thorgeirsson & Gert Wehinger, 2000. "New Issues in Public Debt Management: Government Surpluses in Several OECD Countries, the Common Currency in Europe and Rapidly Rising Debt in Japan," OECD Economics Department Working Papers 239, OECD Publishing.
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