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	Implimenting Monetry Policy
	The Reserve Bank of Australia (RBA) is responsible for formulating and implementing monetary policy. Monetary policy is the control of interest rates to influence economic activity. It is the duty of the Reserve Bank Board, within the limits of its powers, to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia. ... Firstly it is not the ideal policy to deal with aggregate demand and we should wait and see how the world economies perform in the immediate future. ... The housing industry is another factor that the RBA must take into consideration when taking it stance on monetary policy. Approximate Word count = 1404 Approximate Pages = 5.6 (250 words per page double spaced)

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