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The inflation target of the Reserve Bank of Australia (RBA) is 2~3%. Now, however, the inflation has reached 3.5%. How do you expect what the

The inflation target of the Reserve Bank of Australia (RBA) is 2~3%. Now, however, the inflation has reached 3.5%. How do you expect what the RBA will do? In your analysis, please consider the following: 1) strong Australian dollar will hurt the Australian export; 2) Australian economy has just started recovering from the pandemic. [5 marks]

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