RBA Governor's 'Highs and Lowes'

The video discusses the trajectory of inflation in Australia since 2016, highlighting the challenges faced by the Reserve Bank of Australia (RBA) during the COVID-19 pandemic. It covers the RBA's interest rate predictions, the public's reaction to these predictions, and the subsequent measures taken to control inflation. The video concludes with the transition of leadership to Michelle Bullock, the first woman to lead Australia's central bank.

What was the inflation rate in Australia when the governor took office in 2016?

• Below 0%

• Around 3%

• Barely above 1%

• Above 5%

What event was described as a 'Black Swan' that affected inflation?

• The 2008 Financial Crisis

• The COVID-19 pandemic

• The Brexit vote

• The US-China trade war

What did the governor predict about interest rates in March 2021?

• They would rise before 2022

• They would remain low until 2024

• They would stabilize by 2023

• They would decrease further

By May 2022, how much had the RBA increased interest rates?

• 300 basis points

• 500 basis points

• 400 basis points

• 200 basis points

Who is the incoming governor of Australia's central bank?

• Glenn Stevens

• Philip Lowe

• Michelle Bullock

• Paul Allen