Statement on Monetary Policy February 2023

The Statement on Monetary Policy sets out the Bank's assessment of current economic conditions, both domestic and international, along with the outlook for Australian inflation and output growth. A number of boxes on topics of special interest are also published. The Statement is issued four times a year.

• Download the complete Statement 8.6MB

• Overview
  Download 69KB
• The International Environment
  Download 2MB
• Box A: Mortgage Interest Payments in Advanced Economies – One Channel of Monetary Policy
  Download 311KB
• Domestic Economic Conditions
  Download 1.4MB
• Box B: Insights from Liaison
  Download 308KB
• Domestic Financial Conditions
  Download 2.6MB
• Inflation
  Download 1.8MB
• Box C: Supply and Demand Drivers of Inflation in Australia
  Download 263KB
• Economic Outlook
  Download 620KB
• Appendix: Forecasts
  Download 173KB

The material in this Statement on Monetary Policy was finalised on 9 February 2023.

Some graphs in this publication were generated using Mathematica.

ISSN 1448–5133 (Print)
ISSN 1448–5141 (Online)