Explainers

The Transmission of Monetary Policy

Explainer: The Transmission of Monetary Policy

Describes how changes made by the Reserve Bank to the cash rate – the ‘instrument’ of monetary policy – flow through to economic activity and inflation.

Explainer: The Transmission of Monetary Policy 109KB

How the Reserve Bank Implements Monetary Policy

Explainer: How the Reserve Bank Implements Monetary Policy

Describes the Australian cash market and explains how the Reserve Bank ensures that the cash rate is as close as possible to its target.

Explainer: How the Reserve Bank Implements Monetary Policy 87KB