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b) On the 3rd May the RBA increased the official cash rate by 0.25%. The current official cash rate as determined by the Reserve Bank

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b) On the 3rd May the RBA increased the official cash rate by 0.25%. The current official cash rate as determined by the Reserve Bank of Australia (RBA) is 0.35%. Explain to Jaleel What are the channels through which the cash rate influences Monetary policy and how does the monetary policy transmit to the overall economy? 14 morkol

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