Sentences with phrase «interpretation of the price stability»
In Australia (as in Sweden and Finland), the inflation target was adopted first by the Reserve Bank in 1993, as an operational interpretation of the price stability goal of its legislated mandate.
https://www.rba.gov.au/ Not exact matches
This Statement on the Conduct of Monetary Policy reiterated the Reserve Bank's broad goals stipulated in the Reserve Bank Act, and endorsed the inflation target as the practical interpretation of the medium - term goal of price stability.
The Statement in Australia is very similar to the Letter of Remit from the Chancellor to the Bank of England in defining the practical interpretation of the goal of price stability.