Notice will now shift to September quarter wage value index figures owing for launch from the Australian Bureau of Data on 15 November. A pointy pickup in wages may perhaps prompt pundits to forecast a back again-to-back again level rise if the RBA up coming fulfills on 5 December.

In Subject matter 10—Financial Institutions, we acquired about the functions of an average bank, the vital purpose that they play within the money system, plus the dangers that they need to control although creating profits.

In Subject nine – Financial Regulation, we discussed the purpose and obligations of RBA And exactly how they apply money rules to satisfy their targets. We explored the effect that these regulations have within the circulation of cash and the cost of cash.

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