Which of the Following Statements Is True About the RBA's

Multiple Choice

Which of the following statements is true about the RBA's inflation target?

A) The RBA has a zero inflation target.
B) The RBA has an explicit target of 2- 3 percent inflation over the course of the business cycle.
C) The RBA has an explicit upper bound of 3 percent inflation at all times.
D) The RBA has a crawling inflation target.
E) The RBA has an implicit target for inflation, that is not revealed to the general public.