Sentences with phrase «averaged over the business cycle»

Not exact matches

That is, the intent is that over the course of the business cycle, the bulk of the distribution of year - ended inflation outcomes should lie between 2 and 3 per cent, not that the annualised average inflation rate from the start of the business cycle to the end should necessarily lie between 2 and 3.

The inflation target in Australia is defined on average over the [business] cycle, which, if taken literally, suggests that it may be interpreted as a price - level, rather than an inflation - rate, target.