what is bottom, page-909

"This [inflation target] approach to monetary policy in Australia commenced in the early 1990s. The earliest references to it were contained in speeches by the then Governor in August 1992 and March and August 1993."
https://www.rba.gov.au/monetary-policy/about.html#the_implementation_of_monetary_policy

While it is true that fools ignore the lessons of history, thankfully the RBA did not. No coincidence that Australia subsequently enjoyed 27 years of growth and then skated relatively unscathed through this latest crisis thus far.