When the Governor of the RBA gives a press conference, his comments are often an indicator of RBA intention.This has been dubbed as 'Open Mouth Operations', enabling the RBA to change retail bank policy without making a cash rate decision.Explain how this can be an effective method of managing the monetary policy? Explain your reasoning.

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The Answer of When the Governor of the RBA gives a press conference, his comments are often an indicator of RBA intention.This has been dubbed as 'Open Mouth Operations', enabling the RBA to change retail bank policy without making a cash rate decision.Explain how this can be an effective method of managing the monetary policy? Explain your reasoning.

When the Governor of the RBA Gives a Press Conference