Monetary Policy Framework Of Reserve Bank Of Australia (RBA)
Objectives of Monetary PolicyIn this paper, a case study is formulated in reference to Reserve Bank of Australias monetary policy statement. In the last media release of RBA, on 5th December the board members of RBA have decided to keep the cash rate at a neutral level of 1.50 percent. RBA designs its monetary policy depending on the prevailing economic scenario. Cash rate is the instrument used by RBA to stabilize inflation and …
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