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ABC News
ABC News
Business
business reporter Michael Janda

How does the RBA set interest rates each month? Why was this month's decision a close call?

The Reserve Bank's deputy governor has offered a detailed insight into the process that goes into the RBA's interest rate decision every month, while the latest board minutes revealed this month's rate decision was "finely balanced".

Speaking at the Australian Finance Industry Association annual conference, Michele Bullock revealed the economic groundwork and discussions that take place before the monthly board meetings.

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