Question
Read the Minutes of the July 2021 Monetary Policy Meeting of the Reserve Bank Board. https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-07-06.html a. Describe the key economic indicators that the report
Read the Minutes of the July 2021 Monetary Policy Meeting of the Reserve Bank Board. https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-07-06.html a. Describe the key economic indicators that the report used to assess the global economic conditions. (20 marks) b. How does the global economic outlook expected to affect the Australian economy? (20 marks) c. How is the Australian economy faring currently in terms of output growth, inflation and unemployment? (20 marks) d. What monetary policy decision did the board make? Explain the reason for that decision.
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