Multiple Choice
The 'announcement effect' of monetary policy refers to:
A) the destabilising effect of the RBA governor announcing his retirement.
B) the media outcry whenever banks announce an increase in interest rates.
C) the impact on expectations resulting from public announcement of changes to the RBA's interest rate target.
D) the fallout in 1997 when the Wallis Inquiry findings were released.
Correct Answer:
Verified
Correct Answer:
Verified
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