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We use monetary policy to achieve our target of keeping inflation between 1% and 3% on average over the medium term.
2.25 %
Updated: 2:00pm, 27 May 2026
Next update: 2:00pm, 08 Jul 2026
3.1 y/y%
Updated: 3:00pm, 21 Apr 2026
Next update: 3:00pm, 21 Jul 2026
We call our work to influence interest rates and the amount of money in the economy monetary policy.
See a timeline of our past monetary policy and Official Cash Rate (OCR) announcements.
We publish our Monetary Policy Statement 4 times a year.
We use a range of monetary policy tools to control inflation and keep prices stable.
