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Posted on Jun 29, 2024

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began. By business reporterMichael Janda PostedTue 7 Nov 2023 at 11:30amTuesday 7

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began.

By business reporterMichael Janda

PostedTue 7 Nov 2023 at 11:30amTuesday 7 Nov 2023 at 11:30am,updatedTue 7 Nov 2023 at 5:43pm

Reserve Bank governorMichele Bullock is trying to get a grip on inflation without crashing the economy into recession.

Using a relevant economic model/theory, explain why the Reserve Bank of Australia increased the cash rate in 2023 and evaluate the effectiveness of this change in monetary policy stance.

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