Search: Statement on Monetary Policy

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RBA Glossary definition for Statement on Monetary Policy

Statement on Monetary Policy – The Reserve Bank of Australia (RBA) issues a Statement on Monetary Policy four times a year. These statements assess current economic conditions and the prospects for inflation and output growth. These statements have replaced the Semi-Annual Statements on Monetary Policy and the Quarterly Reports on the Economy and Financial Markets, which were previously issued by the RBA.

RBA Glossary definition for monetary policy

monetary policy – monetary policy involves using interest rates to influence aggregate demand, employment and inflation in the economy.

Search Results

Central Bank Communication: One Size Does Not Fit All

24 May 2021 RDP 2021-05
Joan Huang and John Simon
For example, the length of the RBA's Statement on Monetary Policy (SMP) has increased from just over 10,000 words, in its first iteration in 1997, to over 30,000 ... RBA speeches tend to have a broader and more varied audience than monetary policy
https://www.rba.gov.au/publications/rdp/2021/2021-05/full.html

Results

1 May 2021 RDP 2021-05
Joan Huang and John Simon
Most of the document we focus on, such as monetary policy statements and speeches, are from central banks, but we also include a sample of 20 articles from The Economist for ... In addition to monetary policy statements, central banks also release other
https://www.rba.gov.au/publications/rdp/2021/2021-05/results.html

What is Effective Central Bank Communication?

1 May 2021 RDP 2021-05
Joan Huang and John Simon
This allows people to form accurate expectations about how the bank will act in the future, which can increase the effectiveness of monetary policy. ... RBA speeches tend to have a broader and more varied audience than monetary policy statements, but
https://www.rba.gov.au/publications/rdp/2021/2021-05/what-is-effective-central-bank-communication.html

Introduction

1 May 2021 RDP 2021-05
Joan Huang and John Simon
Central banks do, however, confront a trade-off. Monetary policy is not simple. ... For example, the length of the RBA's Statement on Monetary Policy (SMP) has increased from just over 10,000 words, in its first iteration in 1997, to over 30,000
https://www.rba.gov.au/publications/rdp/2021/2021-05/introduction.html

Data

1 May 2021 RDP 2021-05
Joan Huang and John Simon
In this respect, the sample meets our needs. While all participants in our survey are currently working at the RBA, the degree of familiarity with monetary policy among non-economists at ... Non-policy generally refers to the Information Technology
https://www.rba.gov.au/publications/rdp/2021/2021-05/data.html