Assignment- essay writing

On the 4th of October 2016, the Reserve Bank of Australia (RBA) board will meet to discuss domestic and global economic conditions and release its monetary policy statement, having decided upon the appropriate level of the cash rate. This business report requires you to put yourself in the position of an RBA board member and to write a maximum 1500-word report with your recommendation to the board about the appropriate level of the cash rate. Your report should contain an explicit recommendation to either increase, decrease or sustain the prevailing cash rate. Your recommendation for an increase or decrease should indicate by how many basis points the cash rate should be changed. Importantly, you will need to provide three major discussion points supporting your recommendation to increase, decrease or maintain the cash rate. These reasons should take into account domestic and global economic conditions that have determined your recommendation regarding the cash rate. PLEASE NOTE: your three main discussion points should NOT be the three objectives of RBA’s monetary policy. Rather, your discussion should focus on what you have considered to be the three most important factors in deciding what the level of the cash rate should be to achieve these objectives. A good starting point is to access the RBA’s website (http://www.rba.gov.au/). Provide in your report a brief review of the decisions that the RBA has made about the cash rate since the start of this year. Your analysis should also include an assessment of whether RBA’s monetary policy has been effective to date and if it hasn’t whether this in itself has determined further decisions about the level of the cash rate. Essay writing

Important information:

Be very careful with the source of information from the web. Make sure you only cite reliable sources (newspaper articles, government reports, journal articles for example). Sources of information such as Wikipedia must not be used.

You need to structure your assignment accordingly. You are required to write this as a business report, however due to the word limit you may choose to structure the report including only the following: Executive Summary, Introduction, Body (use headings here to clearly identify issues/arguments you will discuss within the body of your report), Conclusion, References. You may choose to add tables, diagrams etc…in an Appendix.

Word limit: 1500 words (+/-10%).

Format: Use 12 font 1.5 line spacing for consistency across all reports submitted.