RBA Raises Cash Rate Target 25 Basis Points to 2.85%

The transcript discusses the economic situation with a focus on inflation, GDP growth, and unemployment rates. It highlights the central bank's approach to rate hikes, emphasizing data dependency and the impact on the housing market. The discussion also covers global economic factors, including supply chains and commodity prices, and the challenges faced by central banks in balancing inflation control with economic growth.

What is the central bank's forecast for GDP growth in 2023 to 2024?

• 2%

• 1.5%

• 3%

• 0.5%

Which factor is NOT mentioned as influencing the central bank's decision on interest rates?

• Tourism rates

• Energy prices

• Supply chains

• Jobless rate

What concern does Bill Evans from Westpac raise about the RBA's interest rate strategy?

• Not considering global markets

• Ignoring unemployment rates

• Slowing down too soon

• Raising rates too quickly

Which of the following is NOT a metric the RBA is focusing on?

• Global economy

• Household spending

• Tourism growth

• Wage and price setting behavior

What external factor is mentioned as potentially affecting supply chains and inflation?

• European Union regulations

• US trade policies

• Middle East conflicts

• China's COVID lockdowns