'Smoothing' operations of the RBA are intended to be:
A) medium term.
B) long term.
C) only very short term.
D) medium to long term.

Question

Quizplus · Accepted Answer

'Smoothing' operations by the Reserve Bank of Australia (RBA) are intended to be only very short term, aimed at addressing day-to-day fluctuations in the money market, not at influencing the medium or long-term direction of interest rates.

'Smoothing' Operations of the RBA Are Intended to Be