The RBA currently sets a medium-term inflation target of:
A) zero per cent
B) 1-3 per cent
C) 2-3 per cent
D) 0-5 per cent

Question

Quizplus · Accepted Answer

The RBA sets a medium-term inflation target of 2-3 per cent. This means that they aim to keep inflation within this range over the course of the economic cycle (typically 5-10 years). Maintaining price stability is seen as a key objective of monetary policy, as it contributes to sustainable economic growth and low unemployment.

The RBA Currently Sets a Medium-Term Inflation Target Of