RBA to focus on inflation targeting for 2022–23
Australian central bank changes priority as inflation reaches highest level since 1990s
The Reserve Bank of Australia has made bringing inflation back to the target its top priority for the year ahead, its annual strategic report says.
“A major priority for the reserve bank is to return inflation to the 2–3% range over time while keeping the economy on an even keel,” the central bank says in its corporate plan for 2022–23. “It is possible to do this but the path ahead is a narrow one and clouded in uncertainty.”
The central bank’s commitment to containing inflation marks a shift
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