Monetary Policy - Consider the Reserve Bank Board Meeting scheduled for Tuesday June 2nd. Using your knowledge and data available from the Australian Bureau of Statistics and applying your understanding of the current conditions in the economy, what do you think the Reserve Bank will do to the cash rate?

• increase it by 50 basis points
• increase it by 25 basis points
• keep it on hold
• decrease it by 25 basis points
• decrease it by 50 basis points