Another way of putting this is that Australia has continued to avoid major downturns. [ 7] Second, we have achieved the inflation target. As of late 2007 and for the first half of 2008, it looked like inflation was going to be a material problem. It reached 5 per cent.
As explicitly stated, the programme is scheduled to continue at least until the end of September 2016, and in any event until we will observe a sustained adjustment in the path of inflation consistent with a return to price stability. 8.