3. RBA Statement on Monetary Policy 6th of May 2022. Marks: 3. Using information provided in the statement (https:/ /www.rba.gov.au/publications/smp/2022/may/pdf/statement- on-monetary-policy-2022-05.pdf), argue whether the RBA
3. RBA Statement on Monetary Policy 6th of May 2022. Marks: 3. Using information provided in the statement (https:/ /www.rba.gov.au/publications/smp/2022/may/pdf/statement- on-monetary-policy-2022-05.pdf), argue whether the RBA should increase / decrease or not change the cash rate target in the meeting of June 2022. This argument should include (i) your suggestion of increasing, lowering or not changing the cash rate policy target; and (ii) economic reasons for it that would back your suggestion
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