RBA May Signal Rate Cuts in 2015

RBA May Signal Rate Cuts in 2015

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The Reserve Bank of Australia (RBA) is addressing speculation about a potential cash rate cut due to economic factors like the collapse in iron ore prices and rising unemployment. The RBA's discussions are closely analyzed, with some analysts suggesting an easing bias. The falling iron ore prices have significantly impacted the budget deficit, and the RBA aims for a lower Australian dollar. However, RBA Governor Glenn Stevens notes no complaints about high money costs or financing issues. As 2015 approaches, the direction of the cash rate is a hot topic.

Read more

2 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the current unemployment rate mentioned in the text, and what trend is it following?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

What did Glenn Stevens, the RBA governor, say about the cost of money?

Evaluate responses using AI:

OFF