Sentences with phrase «cent inflation target over»

If they remain at current levels, the BoC will have to think seriously about lowering its overnight rate, not raising it, to achieve a two - per - cent inflation target over the medium term.

Not exact matches

This suggests that an inflation target greater than 2 per cent should be considered, like they have in Australia (between 2 per cent and 3 per cent over the entire economic cycle).

Further, over 60 per cent of the «core» Consumer Price Index that excludes more volatile items is posting gains of 1.5 per cent or more and one - third of the basket exceeds the Bank of Canada's 2 per cent inflation target.

The U.S. inflation rate has averaged about 1.7 per cent over the past year, compared with the Fed's target of 2 per cent.

The speech makes clear that the Bank's monetary policy frameworks centres around a flexible inflation target that aims to deliver an average rate of inflation of between 2 - 3 per cent over time and in a way that best serves the public interest.

A case can be made that the first public exposition of the inflation target came in 1993 in a speech by then Governor Fraser (1993): «My own view is that if inflation could be held to an average of 2 — 3 per cent over a period of years, that would be a good outcome».

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.»

In circumstances where the forecast lies outside the range over the policy horizon, the forecast path for inflation should be such that inflation would be expected to return to between 2 and 3 per cent within a reasonable period, that is, the trend in inflation should be clearly back toward the target range.

That framework's been in place since the early 1990s, we have hit the target over that 20 year period, the average inflation rate's pretty close to 2.5 per cent, so we regard that as successful by the terms of the definition that we set ourselves and I think that's made a big contribution to economic stability more generally and I don't think it's an accident that that period of fairly low predictable inflation has coincided with pretty good sustained growth in the economy.

We have an inflation target for monetary policy, aimed at achieving an average CPI inflation rate of between 2 and 3 per cent over time.

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.

Despite a tight labour market and strong growth in input prices, consumer price inflation was 1.6 per cent over the year to December, below the Bank of England's 2 per cent target rate.

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».

Retail price inflation in the UK continues to hold slightly above the Bank of England's 2.5 per cent target, coming in at 2.8 per cent over the year to September.

Consumer price inflation was 2.8 per cent over the year to the March quarter, near the top of the Reserve Bank of New Zealand's target band.

Capital Economics US economist Andrew Hunter said: «The description of the inflation target as «symmetric» could be interpreted as a sign that officials will tolerate inflation rising modestly above 2 per cent over the coming months.

Under our current agreement, we aim to keep inflation around a target of 2 per cent, and we usually try to accomplish this over six to eight quarters.

The Alliance says those appearing in the list received a pay increase of 4.6 per cent, over double the government's target for public sector wage inflation.

«While some modest withdrawal of monetary policy stimulus will likely be required over time, consistent with achieving a two per cent inflation target, the more muted inflation outlook and the beginnings of a more constructive evolution of the imbalances in the housing sector suggest that the timing of any such withdrawal is less imminent than previously anticipated.»