'Channels of Transmission' - Speech by Christopher Kent, Assistant Governor Financial Markets
In this speech to the Bloomberg Address in Sydney, Christopher Kent, Assistant Governor (Financial Markets), spoke about how monetary policy moves through the economy in three steps – from the cash rate to a broad range of interest rates, from those rates to economic activity and from economic activity to inflation. He also discussed the five main channels of monetary policy and the impact they are having in Australia to bring down inflation.
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