Tag: Monetary Policy Board MPB

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Australia Introduces New Policy Structure for Central Bank

Australia's central bank, the Reserve Bank of Australia (RBA), introduces a new policy structure with a focus on maintaining a flexible inflation target of 2% to 3% for stability and growth. A Monetary Policy Board will make interest rate decisions, including external members for diverse perspectives. This decision reflects the government's commitment to transparency and accountability, ensuring a stable and sustainable economic future.

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