Since 1993, the RBA has adopted:
A) inflation targeting.
B) real output growth targeting.
C) real money growth targeting.
D) nominal output growth targeting.
E) money growth targeting.

Question

Quizplus · Accepted Answer

Since 1993, the RBA has adopted inflation targeting as its monetary policy framework. This means that the RBA sets a target range for the annual inflation rate and adjusts the cash rate (the interest rate at which banks borrow and lend to each other overnight) to achieve this target. The current target range is 2-3% per year.

Since 1993, the RBA Has Adopted