The 'Announcement Effect' of Monetary Policy Refers To

question 68

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.

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