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Foreign exchange transactions

The RBA also acts an essential role in foreign exchange transactions, whose most important management function is managing the exchange rate of Euro in the foreign exchange market by intervention policy mainly. When there existing extinct difference between the exchange rate and the long-term average, it is difficult to solve the high inflation only relying on economy development driven. At this time, the RBA must undertake the responsibility of regulating and managing daily cash flow through applying futures in foreign exchange actions.

Conclusion

High inflation is an essential issue to economy development, which will constrain economy activities largely without an effective regulation and control. According to the stagnant economy development in current international situation, it is making more serious challenges and difficulties for the growth of the Australian economy. The monetary policy brought by the RBA is setting to a positive position to stimulate the economy in Australia, also imposing crucial effect on controlling high inflation.

References

John Maynard Keynes, 1st Baron Keynes (5 June 1883 – 21 April 1946) was a British economist whose ideas have been a central influence on modern macroeconomics, both in theory and practice.

The RBA: Statement on Monetary Policy was finalized on 6 August 2009 and released on 7 August 2009.

Melbourne, 9 November 2000, Recent Influences on the Exchange Rate, Address to CEDA Annual General Meeting Dinner.

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