There are a range of key economic indicators that provide information about the performance and composition of the Australian economy. It is important for the Reserve Bank to monitor and analyse these indicators in thinking about setting monetary policy.
Explains what monetary policy is, what it aims to achieve and how monetary policy decisions are both made and implemented.
Describes how changes made by the Reserve Bank to the cash rate – the ‘instrument’ of monetary policy – flow through to economic activity and inflation.
Describes the Australian cash market and explains how the Reserve Bank ensures that the cash rate is as close as possible to its target.
Describes the inflation target, why the Reserve Bank targets inflation and how the target works.
Describes how inflation is measured, explains how different indicators of underlying inflation are calculated, and outlines some of the limitations of using the Consumer Price Index.
Explains how the unemployment rate is measured and describes the main types of unemployment.
Explains how changes in the value of the Australian dollar affect economic activity and inflation in Australia, along with the nation's balance of payments.
Explains the concept of an exchange rate, how exchange rates can be measured and the different types of exchange rate regimes that exist.
Discusses the causes of the terms of trade boom of 2005 to 2012 and explains the way in which it affected the Australian economy.
Summarises the main causes of the global financial crisis, how the crisis unfolded and how policymakers responded to it in Australia and abroad.
Roles and Functions
The presentation summarises the roles and functions of Australia's central bank.
Monetary Policy and Current Economic Conditions
This presentation summarises the monetary policy framework and current economic conditions in Australia.
The cash rate is updated to 4 September 2018, graphs with forecasts are updated to 9 August 2018, and other data are updated to 30 August 2018.
Opening the Vault
Guides students through how to find the information they need on the RBA website.
Helps students familiarise themselves with RBA publications and provides some tips to make the most of the information provided.
Read and Rehash
Guides students through how to make the most of RBA publications.
Key Economic Indicators – Unpacking the Snapshot
Helps students to apply skills to summarise and explain key economic statistics and trends.
The Transmission Mechanism
Helps students understand how a change in the cash rate flows through to the rest of the economy.
You Make the Decision – the Cash Rate
Helps students identify key economic indicators and how recent movements in these indicators could influence the cash rate decision.
Perspectives on RBA decisions
Helps students to consider how decisions made by the RBA might affect different people in the economy.
Building Charts Using RBA Statistical Tables
Helps students to gain confidence building Excel charts from data available on the RBA website.