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Cash Rates of the Reserve Bank of Australia(RBA):
The Reserve Bank’s monetary policy actions are directed towards influencing the level of interest rates in the financial system on order to achieve its economic objectives (Viney, 2005).
Cash rates are the interest rate paid in the interbank market for exchange settlement account funds. The target cash rate can only be set by the Reserve bank, it is decided monthly when the board of the Reserve Bank (RBA) meets and considers various financial indicators from around the world and target inflation rate. The main purpose of the cash rate is to control inflation...
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