The Reserve Bank of Australia's monetary policy is directed to influence first:

Question

Quizplus · Accepted Answer

The monetary policy of the Reserve Bank of Australia is primarily directed towards the overnight cash rate, also known as the target cash rate. This is the rate at which commercial banks can borrow or lend to each other on an overnight basis. By adjusting the cash rate, the RBA can influence the interest rates charged by commercial banks on loans and deposits, which in turn affects spending and investment in the economy. The RBA does not directly control money market rates or Treasury notes interest rates, although these may be influenced by the cash rate. The base bank interest rate is not a commonly used term in relation to the RBA's monetary policy.

The Reserve Bank of Australia's Monetary Policy Is Directed to Influence