rba speech, 2024-04-02
At its March meeting, the Reserve Bank Board considered three options for the future system for the implementation of monetary policy: 1. maintain the current 'floor' system with an excess of reserves; 2. return to a 'corridor' system with scarce reserves, as used prior to the pandemic; or 3. transition to a new system of ample reserves that lies somewhere between these two.
Sentiment: neutral
Topic: mp_interest_rate