The inflation target of the RBA is:
A)2-3 per cent at all times.
B)2-3 per cent over the course of the business cycle.
C)zero per cent at all times.
D)zero per cent over the course of the business cycle.
E)0-5 per cent over the course of the business cycle.

Question

Quizplus · Accepted Answer

The RBA's inflation target is to keep inflation between 2-3 per cent over the course of the business cycle. This means that inflation may temporarily fall outside of this range during economic downturns or booms, but the RBA aims to bring it back within the target range over time.

The Inflation Target of the RBA Is