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The RBA also provides services to the Government of Australia and services to other central banks and official institutions. [4] The RBA currently comprises the Payments System Board, which sets the payment system policy of the bank, and the Reserve Bank Board, which sets all other monetary and banking policies of the bank. [5]
An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance. One application of economic indicators is the study of business cycles .
The RBA cut rates by 25 basis points ahead of a busy economic calendar today. The EUR, GBP, Greenback, and the Loonie are all in action today.
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Australia is a highly developed country with a mixed economy. [30] [31] As of 2023, Australia was the 14th-largest national economy by nominal GDP (gross domestic product), [32] the 19th-largest by PPP-adjusted GDP, [33] and was the 21st-largest goods exporter and 24th-largest goods importer. [34]
That key rate is expected to hit 3.96 percent by June 2025, according to the average forecast among the nation’s top economists. ... The Second-Quarter 2024 Bankrate Economic Indicator Survey of ...
The Cash Rate, which represents the weighted average interest rate on overnight unsecured loans in the domestic interbank market, is a key tool for the RBA's monetary policy. It is used to guide interest rates across the economy and serves as a reference rate for Australian dollar overnight indexed swaps (OIS) and the ASX 30-day interbank cash ...
GDP and other macro-economic indicators - provided by the System of National Accounts (SNA). Enlarged GDP measures - include costs such as expense of environmental degradation, resource depletion or higher income inequality. They provide a more accurate indication of a country's actual economic, environmental and social performance.