RBA Interest Rate Prediction & Analysis (unemployment). 500 words



This is a group assignment. I just have to do one point, which is unemployment. Our group decide to sustain the level of cash rate. In my opinion, unemployment rate in Australia is keep increasing since october 2016. One objective of Monetary Policy is full employment. Therefore, RBA has to stimulate economy by decreasing cash rate. However, the cash rate is 1.5%, which is pretty low. We cannot keep decreasing it. So we decide to keep cash rate unchanged. 

Please remember to find some references to support the argument. Referencing in APA style. Referencing is not counted in the word limit. 


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