Read the RBA's May 2020 interest rate decision, available at a link here:

https://www.rba.gov.au/monetary-policy/int-rate-decisions/2020/

Explain:

1. Your understanding of why the RBA made the decision that they did, with respect to the content of the interest rate decision statement itself and also the RBA's policy objectives

2. What the RBA's monetary policy decision means in terms of practical implementation

3. The expected transmission of the monetary policy decision to economic outcomes

This criterion is linked to a learning outcome Evidence of understanding of the objectives of monetary policy

This criterion is linked to a learning outcome Evidence of understanding of how monetary policy is conducted in Australia

This criterion is linked to a learning outcome Evidence of understanding of the mechanisms through which monetary policy decisions impact the economy

This criterion is linked to a learning outcome Evidence of understanding of the RBA's interest rate decision statement