Question 1: Why does the RBA takes into account the domestic (Australian) and global (China, Japan, and USA) macroeconomic indicators (GDP growth rate, investment, household consumption, inflation, unemployment, and exchange rate) when making a decision whether to change (increase or decrease) or keep the official cash rate unchanged? Explain. Question 2: Explain the main objectives of monetary policy. List and describe the main functions of money and the Reserve Bank of Australia.
Back