High voltage: Jim’s $300 power play to fight inflation
Sydney Morning Herald
Economists have warned that Labor’s budget spending could put pressure on the Reserve Bank to keep interest rates higher for..
A central bank, reserve bank, national bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base. Many central banks also have supervisory or regulatory powers to ensure the stability of commercial banks in their jurisdiction, to prevent bank runs, and in some cases also to enforce policies on financial consumer protection and against bank fraud, money laundering, or terrorism financing.
Economists have warned that Labor’s budget spending could put pressure on the Reserve Bank to keep interest rates higher for..