RBA

Example:The RBA decided to increase the official cash rate in response to rising inflation.

Definition:Abbreviation for Reserve Bank of Australia

Example:The Reserve Bank of Australia (RBA) cut the interest rate to stimulate the economy during the recession.

Definition:The amount of interest charged or paid on borrowed or deposited money, typically expressed as an annual percentage rate.

Example:The RBA will discuss the latest monetary policy at their upcoming meeting.

Definition:A set of actions taken by a country's central bank, like changing interest rates or engaging in open market operations, to manage or influence the money supply and control the inflation rate.