The inflation-overshooting commitment is a policy under which the Bank commits itself to continuing to expand the monetary base -- the total amount of money the Bank directly supplies to the economy -- until the year-on-year rate of increase in the observed CPI exceeds 2 percent and stays above that level in a stable manner.
[8]  This compares to the CLF banks' annual operating income of around $ billion. Bulletin, September,  © Reserve Bank of Australia, 2001–2019. All rights reserved. The Reserve Bank of Australia acknowledges the Aboriginal and Torres Strait Islander Peoples of Australia as the Traditional Custodians of this land, and recognises their continuing connection to Country.