The RBA will announce the outcome of their meeting today. They utilise Monetary Policy.
Lets take a quick overview at the difference between FISCAL and MONETARY policy.
FISCAL policy uses government spending and taxation (controlled by Gov't) to influence the economy, while MONETARY policy uses interest rates and money supply (controlled by RBA) to achieve similar goals like stable growth and controlled inflation.
FISCAL policy involves direct budget decisions (spending on roads, tax cuts), whereas MONETARY policy uses financial tools (interest rate changes) to affect borrowing and spending.
Both aim for economic health. Call us for a chat if you want to explore this topic and we can help with economic education resources.
Truly's advice, financial services and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
