The Board of the Reserve Bank of Australia has stated that it focuses on which of the following as its main goal of monetary policy?

Question

Quizplus · Accepted Answer

The Reserve Bank of Australia's main goal of monetary policy is to maintain low and stable inflation, typically within the range of 2-3%. While a stable financial market, economic growth, and high labour force participation rate are important, they are not the primary focus of the central bank's monetary policy.

The Board of the Reserve Bank of Australia Has Stated