goldmickYou hit the nail on the head. Here is the legislated...

goldmick

You hit the nail on the head.

Here is the legislated mandate of the RBA with respect to monetary policy (s 10(2) of the Reserve Bank Act):

1. the stability of the currency of Australia;
2. the maintenance of full employment in Australia; and
3. the economic prosperity and welfare of the people of Australia.?

Interesting to see that nowhere is there a mention of explicitly managing inflation. They made that one up themselves.