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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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Statement by Philip Lowe, Governor: Monetary Policy Decision

2 May 2023 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 3.85 per cent. It also increased the rate paid on Exchange Settlement balances by 25 basis points to 3.75 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-10.html

Consultation on the Future System for Monetary Policy Implementation in Australia

4 Apr 2024 Media Releases
At its March 2024 meeting, the Reserve Bank Board considered broad options for the future system for monetary policy implementation in Australia. The Board endorsed a plan to operate with ample reserves, by meeting all demands for reserves via full
https://www.rba.gov.au/media-releases/2024/mr-24-06.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

3 Nov 2020 Media Releases
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision. Number 2020-28. ... Today's policy package, together with the earlier measures by the RBA, will help in this effort.
https://www.rba.gov.au/media-releases/2020/mr-20-28.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

1 Aug 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-19.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

19 Mar 2020 Media Releases
The coronavirus is first and foremost a public health issue, but it is also having a very major impact on the economy and the financial system.
https://www.rba.gov.au/media-releases/2020/mr-20-08.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

4 Oct 2022 Media Releases
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 2.60 per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-33.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

2 Feb 2021 Media Releases
At its meeting today, the Board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility. It also decided to purchase an
https://www.rba.gov.au/media-releases/2021/mr-21-01.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

4 Apr 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 3.60 per cent and the interest rate on Exchange Settlement balances unchanged at 3.50 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-08.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

1 Nov 2022 Media Releases
Media Release Statement by Philip Lowe, Governor: Monetary Policy Decision. Number 2022-36. ... The Board recognises that monetary policy operates with a lag and that the full effect of the increase in interest rates is yet to be felt in mortgage payments
https://www.rba.gov.au/media-releases/2022/mr-22-36.html

Statement by Glenn Stevens, Governor: Monetary Policy

3 Feb 2009 Media Releases
Announcement of reduction in the cash rate by 100 basis points to 3.25 per cent
https://www.rba.gov.au/media-releases/2009/mr-09-01.html