The RBA decides when and by how much interest rates should change. It does this at a meeting each month where the Board analyses important economic information such as the latest inflation figures, which indicate if prices are rising too fast. The RBA also looks at how much is being sold by shops and made by businesses, which will give them an idea of whether the economy needs stimulating or cooling. This data helps the RBA determine what it considers to be the most appropriate interest rate for the economy for the next month.
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