Sentences with phrase «cent inflation target on»

In our March statement we indicated that our current monetary policy stance remained appropriate to achieve our 2 per cent inflation target on a sustainable basis by around the middle of 2018, whereas US authorities have now begun to tighten.

Not exact matches

Well the way we do that is we have a medium term target for inflation and we talk about holding CPI inflation to 2 to 3 per cent on average over time.

To achieve price stability, the Reserve Bank uses a flexible medium - term inflation target, with the goal of keeping inflation between 2 and 3 per cent, on average, over time.

The inflation target is to maintain «consumer price inflation between 2 and 3 per cent, on average, over the cycle.»

Instead, he needs to focus on the Bank of Canada's 2 per cent inflation target and accept whatever exchange rate results from the existing combination of market forces.

Two years on, the economy is growing at just shy of 2 1/2 per cent and underlying inflation is around 2 1/4 — 2 1/2 per cent, consistent with the target.

The Governor and the Treasurer have agreed that the appropriate target for monetary policy is to achieve an inflation rate of 2 — 3 per cent, on average, over time.

As you know, since 1993 the Bank has been framing its monetary policy around a medium - term target for inflation of 2 — 3 per cent, on average, «over the cycle».

But he insisted the economy was on course to meet its inflation target of two per cent, house prices were stabilising, employment was high and interest rates were also stable.