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10 cards from this deck
Australia's central bank
Interest rate in overnight money market between banks
RBA's use of interest rates to influence economic activity
Bank accounts at RBA used to settle interbank payments
Mechanism constraining cash rate within 0.250.250.25 ppt of target
Target −0.25- 0.25−0.25 ppt; min rate banks will lend at
Target +0.25+ 0.25+0.25 ppt; max rate banks will borrow at
RBA buying/selling securities to control ES fund supply
Raising rates to reduce economic activity
Lowering rates to stimulate economic activity
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