Question:

How does the Reserve Bank set interest rates?

by Guest6590  |  12 years, 6 month(s) ago

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Is there anyone who knows that how does the Reserve Bank set interest rates? If someone knows about it please let me know.

 Tags: bank, rates, Reserve, set

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  1. Guest3507
    The Reserve Bank Board makes monetary policy decisions in terms of the  cash rate – the interest rate on overnight loans in the money market. These  decisions affect a range of other market and institutional interest rates. So, Reserve Bank make proper research for setting interest rate.

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