UA Monetary Policy Decisions by RBA Essay

Course Learning Outcomes: 2 & 3
Topic/s of Primary Focus: Macroeconomic Fundamentals
Aggregate Supply and Aggregate Demand
Money and Inflation
(May also include content from previous topics.)
For this assignment, you will refer to the Reserve Bank of Australia’s October Monetary
Policy Decision media release, available at the below link:
https://www.rba.gov.au/media-releases/2021/mr-21-2…
The minutes of that meeting may also be of use:
https://www.rba.gov.au/monetary-policy/rba-board-m…
Task:
For this assignment, you are asked to provide your own analysis of RBA’s October
Monetary Policy decision.
This must be in your own words, and reflect you own understanding and application of
course content.
As part of this analysis, ensure that you include and focus on the following:
• The reasons for the RBA’s decision, including reference to various economic
variables and what they indicate about the state of the economy and what
policies might be appropriate.
• What the policy position, particularly the main position around the cash rate
target, means in terms of the RBA’s implementation, and how that is
transmitted to impact economic activity.
Make sure to use key terminology and course concepts where appropriate.
Format:
The format of your response should be an essay-style response.
You do not need to spend as much attention on formal essay structure as you might
for a persuasive or research-based essay. Instead you should focus on communicating
your ideas in a clear and concise manner and making sure there is a logical flow of
ideas and explanation.
Word Limit:
800 words (excluding diagrams and references)