Search: Statement on Monetary Policy
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.
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Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
PDF
1677KB
approach with each word coming from new dictionaries developed in consultation with policy experts. ... central bank communication can change the market’s assessment of current economic conditions –. the so-called ‘communication channel’ of
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf
The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
In a stylised macro model designed to determine the effectiveness of monetary policy at low interest rates (including unconventional policies), an expansionary unconventional policy that reduces 10-year yields by 100 ... monetary policy to lending rates
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
Keywords: interest rates, bank profitability, net interest margin, monetary policy. Table of Contents. ... in the policy rate then this could impair the transmission of monetary policy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
speeches from the Governor, Board minutes, and the release of the Statement on Monetary Policy. ... 0. 5. 10. %. 16. following a Board meeting. For example, the RBA’s Statement on Monetary Policy (SMP) contains a.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
References
1 Apr 2021
RDP
2021-04
The Response of Asset Prices to Monetary Policy Actions and Statements’, International Journal of Central Banking, 1(1), pp 55–93. ... Melosi L (2017), ‘Signalling Effects of Monetary Policy’, The Review of Economic Studies, 84(2), pp 853–884.
https://www.rba.gov.au/publications/rdp/2021/2021-04/references.html
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Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
The model is currently specified to be invariant to fiscal policy, the level of the cash rate and exchange rates, which are therefore omitted to keep it simple. ... It also enables the scenario to incorporate changes in interest rates or fiscal policy,
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html
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Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
16 Mar 2023
RDP
PDF
1288KB
for living standards and the budget position. It will also make it harder to conduct monetary policy,. ... Debelle 2017; Heads of Treasuries 2017). Despite accommodative monetary policy, investment.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf
References
28 Jan 2020
RDP
2020-01
Berkelmans L (2005), ‘Credit and Monetary Policy: An Australian SVAR’, RBA Research Discussion Paper No 2005-06. ... RBA (2008d), Statement on Monetary Policy, November. RBA (2009), Statement on Monetary Policy, February.
https://www.rba.gov.au/publications/rdp/2020/2020-01/references.html
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Monetary and Financial Policy
31 Dec 2011
RDP
2011-07
Statement on Monetary Policy. for over a decade, and the amount of material published by the Bank, and the number of public speeches given by senior staff, has increased significantly. ... The Statement on the Conduct of Monetary Policy, which records
https://www.rba.gov.au/publications/rdp/2011/2011-07/monetary-financial-policy.html
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Introduction
31 Dec 2003
RDP
2003-05
and the formalisation of the targeting framework in the Statement on the Conduct of Monetary Policy in 1996. ... This has taken place through a number of devices including the quarterly Statement on Monetary Policy, Bulletin articles, public addresses
https://www.rba.gov.au/publications/rdp/2003/2003-05/introduction.html
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