Monetary Policy | RBA - Reserve Bank of Australia
WEBMonetary policy involves setting the interest rate on overnight loans in the money market (‘the cash rate’). The cash rate influences other interest rates in the economy, affecting the behaviour of borrowers and lenders, economic activity and ultimately the rate of …
Statement on Monetary Policy | RBA - Reserve Bank of Australia
WEBThe Statement on Monetary Policy (SMP) sets out the RBA’s assessment of current economic and financial conditions as well as the outlook that the Reserve Bank Board considers in making its interest rate decisions.
Statement by the Reserve Bank Board: Monetary Policy Decision
WEB1 day ago · Media ReleaseStatement by the Reserve Bank Board: Monetary Policy Decision. Number2024-18. Date24 September 2024. At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
Why is the Reserve Bank independent from government, and why …
WEB12 hours ago · Negotiations over reforms to the Reserve Bank of Australia this week took an unprecedented turn when the Greens ... the commonsense view was that monetary policy was an important tool for ...
RBA: Five key takeaways from the latest statement on monetary policy
WEBFeb 6, 2024 · “Our overall assessment is that aggregate demand remains above the economy’s capacity to supply goods and services, thereby putting pressure on inflation,” the statement on monetary policy says.
The RBA says the fight against inflation has entered a new phase.
WEBAug 16, 2023 · The RBA's latest quarterly Statement on Monetary Policy shows its decision to leave rates on hold at 4.1 per cent in August was a close call. The main tool available to the RBA to manage inflation ...
Reserve Bank governor Philip Lowe announces big changes to RBA …
WEBJul 12, 2023 · The RBA board will oversee the bank's research agenda as it related to monetary policy. The board will also work with Treasury to undertake five-yearly open and transparent reviews of Australia's monetary policy framework, to ensure that the framework keeps adapting to changes in the global economy.
RBA dual mandate tweak could mean higher rates for longer
WEBDec 8, 2023 · With the new statement on the conduct of monetary policy in place, the next step in the RBA overhaul is for Dr Chalmers to pass legislation to establish the central bank’s new interest rate...
Reserve Bank keeps interest rates on hold at 4.35pc
WEB1 day ago · The Reserve Bank has left interest rates on hold at 4.35 per cent. The cash rate will remain at 4.35 per cent for another six weeks, until the RBA board's next meeting in early November.
How did the Reserve Bank of Australia come to be? What is monetary policy?
WEBApr 5, 2021 · It does this through monetary policy – the interest rate set by the bank once a month that affects the cost of money. Anyone with a note or two in their wallet also has a reminder of the Reserve ...