The RBA is the Reserve Bank of Australia, which is Australia’s central bank. The RBA is responsible for conducting monetary policy in Australia, which means that it sets interest rates and manages the supply of money in the economy in order to achieve its objectives of low and stable inflation and full employment. The RBA is an independent government body, and its decisions are made in the best interests of the Australian economy and the public. The RBA also plays a role in promoting the stability of the financial system and regulating the payment systems used in Australia.
“Truth be known, forecasts aren’t worth very much, and most people who make them don’t make money in the markets.. This is because nothing is certain and when one overlays the probabilities of all of the various things that affect the future in order to make a forecast, one gets a wide array of possibilities with varying probabilities, not one highly probable outcome.” – Ray Dalio
