货币政策成功是在上面的图,画了年度通货膨胀率从第一PTA介绍在1990年。这些记录了稳定通货膨胀下降对0 – 2%的目标及其稳定随后2年时间来实现。这样范围外的CPI通胀率运动后1994年反映了利率的直接影响增强随着CPI的货币政策从1994年起逐步收紧(凯尔西,2015)。等直接影响利率上升通货膨胀通过他们的CPI方案包含受到下面的警告PTA。财政和货币政策的影响美联储的需求,联邦银行已获得的能力允许必要的宽松的货币政策。结构和实际政策调整无疑帮助了物价稳定过渡。然而,价格保持稳定的任务是澳洲货币政策的唯一责任(凯尔西,2015)。最初的价格稳定的成就是欢迎的。然而,它没有明确的计划。政策是建立以最快的速度让通胀低可能是认为合理。在新的实践框架的储备银行的行为和政策的货币是一个组件,有较高的显著影响通胀预期比最初预期。
The monetary policy success is depicted in the above figure, which has graphed the annual rate of inflation since the first PTA introduction in the year 1990. These documented the steady inflation decline towards the target of 0 to 2 percent and its stabilization subsequently achieved over a 2 year period. The headline CPI Inflation rate movement outside such range after the year 1994 reflects the direct influence of the interest rates enhancement over the CPI as policy of monetary was tightened progressively from 1994 onward (Kelsey, 2015). The direct influence over such rise in rate of interest over inflation through their CPI regimen inclusion was subjected to the caveat below PTA. As the influences of fiscal and monetary policies fed by demand, the Federal bank has been gaining the ability of allowing essential monetary policy easing. The structural and real policy adjustment undoubtedly has aided the price stability transition. However, the task to maintain stability in prices is the sole responsibility of RBNZ monetary policy (Kelsey, 2015). The initial price stability achievement was welcomed. However, it was not planned explicitly. Policy was set-up for bringing inflation at a low as fast as was possibly thought reasonably. In the new practice framework of which the act of reserve bank and policy of monetary was a component, had a higher striking influence over expectations of inflation than was anticipated initially.