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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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The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1992

30 Jun 1992 Annual Report
Most countries responded to evidence of sluggish economic activity and an improved outlook for inflation with monetary policy easings. ... as offering a hard and fast rule for the operation of monetary policy.
https://www.rba.gov.au/publications/annual-reports/rba/1992/economy-mon-pol.html

Annual Report-1965-Monetary Policy

31 Dec 1965 Annual Report
extent. Monetary policy operates mainly through influencing the cost and availability of funds and willingness to forego or postpone expenditure plans. ... Savings Banks. Consistent with broad monetary policy, the general trend of market yields on
https://www.rba.gov.au/publications/annual-reports/rba/1965/monetary-policy.html

Operations in Financial Markets

20 Sep 2018 RBA Annual Report – 2018
These operations include implementing the monetary policy decisions of the Reserve Bank Board, facilitating the smooth functioning of the payments system, managing the nation's foreign exchange reserve assets and providing ... The Reserve Bank Board's
https://www.rba.gov.au/publications/annual-reports/rba/2018/operations-in-financial-markets.html

Operations in Financial Markets

21 Oct 2021 RBA Annual Report – 2021
However, the cash rate target remains a key element of the monetary policy framework. ... See Lowe P (2021), ‘The Recovery, Investment and Monetary Policy’, Speech at AFR Business Summit, 10 March.
https://www.rba.gov.au/publications/annual-reports/rba/2021/operations-in-financial-markets.html

A Review of Monetary and External Policy | Reserve Bank of Australia Annual Report - 1981

30 Jun 1981 Annual Report
GROWTH IN MONETARY AGGREGATES. Ability to restrain growth in money and credit through the instruments of monetary policy is affected by the settings of other policies. ... External policies should seek to complement efforts to restrain the expansion of
https://www.rba.gov.au/publications/annual-reports/rba/1981/rev-mon-ext-policy.html

The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1995

31 Dec 1995 Annual Report
This apparent responsiveness of the economy to monetary policy was a feature of developments in 1994/95. ... the CPI, changes in monetary policy have a pronounced mechanical effect on the CPI.
https://www.rba.gov.au/publications/annual-reports/rba/1995/economy-monetary.html

Annual Performance Statement for 2017/18

20 Sep 2018 RBA Annual Report – 2018
The Statement on the Conduct of Monetary Policy also recognises the importance of financial stability for a stable macroeconomic environment. ... stability, as part of the periodically updated Statement on the Conduct of Monetary Policy.
https://www.rba.gov.au/publications/annual-reports/rba/2018/annual-performance-statement.html

1.1 Our Role

19 Oct 2023 RBA Annual Report – October 2023
Our Role | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/our-role.html

2.1 Annual Performance Statement for 2022/23

19 Oct 2023 RBA Annual Report – October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html

The Focus of Policy | Reserve Bank of Australia Annual Report - 1992

30 Jun 1992 Annual Report
Monetary policy was eased in several steps during the year in response to both these developments. ... Monetary policy must be ready to respond to that eventuality. Recent experience indicates that monetary policy, in combination with wages and other
https://www.rba.gov.au/publications/annual-reports/rba/1992/focus-policy.html