RBA Quiz

What is the current interest rate held by the Reserve Bank of Australia (RBA)?

• 3.9%

• 4.0%

• 4.35%

• 4.5%

For how long has the cash rate target been steady?

• Three months

• Five months

• Seven months

• Nine months

When is the RBA Board's next meeting scheduled?

• Early July

• Early August

• Late July

• Late August

What was the trend unemployment rate in May?

• 3.5%

• 3.7%

• 3.9%

• 4.0%

What did the RBA Board indicate about unemployment in their statement?

• It will decrease to ensure inflation rises.

• It will remain steady to ensure inflation remains stable.

• It will have to rise to ensure inflation comes down.

• It will decrease to ensure inflation comes down.

What has been the trend in wages growth according to the RBA Board?

• It has decreased below the level that can be sustained.

• It has peaked but is still above the sustainable level.

• It has remained steady.

• It has increased above the sustainable level.

What has been the impact of higher interest rates on inflation since its peak in 2022?

• Inflation has increased.

• Inflation has remained the same.

• Inflation has fallen substantially.

• Inflation has slightly increased.

What did the RBA board say about the path of interest rates?

• It is certain and will not change.

• It is uncertain and further rate hikes could be on the cards.

• It will definitely decrease.

• It will remain the same.

What did Governor Michele Bullock say about the current economic cycle?

• It is very simple and straightforward.

• It is at a really complex part of the cycle.

• It is at the end of the cycle.

• It is at the beginning of the cycle.

What is the main reason Governor Bullock said the June quarter CPI data is important?

• It will provide a comprehensive view of what's happening with inflation.

• It will show a decrease in inflation.

• It will predict future interest rates.

• It will show the economic growth rate.