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Monetary Management in the Post-Float Period

1 Dec 1989 RDP 8908
Ian Macfarlane and W.J. Tease
Figure 3. INTEREST RATES & THE EXCHANGE RATE. in the first half of 1985, when the Australian dollar fell sharply, monetary policy was tightened. ... Thus, from late 1987 to early 1989, rises in interest rates tended to be accompanied by rises in the
https://www.rba.gov.au/publications/rdp/1989/8908/monetary-management-in-the-post-float-period.html