Reserve Bank of Australia in Podcasts
companyAustralian central bank, the Reserve Bank of Australia, responsible for monetary policy.
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In Australia, as mentioned, the RBA will hand down its decision on interest rates this afternoon.
The timing couldn't be better for the Reserve Bank because all of this comes ahead of today's decision on interest rates.
It's an exciting week whenever the Reserve Bank Board is meeting.
The latest Gross Domestic Product Figures, or GDP, from the Australian Bureau of Statistics, or ABS, show how interest rate rises and the start of the Iran war impacted the Australian economy over the March quarter.
Fresh analysis from the Reserve Bank, released just today, paints the clearest picture yet of Australian housing investors.
The central bank, if you've heard the term RBA here in Australia or the Fed in the US, these organizations will lower interest rates during a market crash.
So the government in Australia, the RBA, which is the Reserve Bank, and in the US it would be the Fed, in England it would be the Bank of England and so on and so forth, what they do is they set interest rates to control inflation and they want inflation to be around 2-3% per year.
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