Written policy assessment
During the first stage of competition, your team will need to assess the economic conditions and the outlook for inflation during the forecasting period from 3 May to 8 June 2010.
You then provide advice to your Governor on what you think the Official Cash Rate should be and what economic factors support your Official Cash Rate recommendation.
Your Governor must then weigh up all the advice provided and write up a final monetary policy decision not exceeding 1000 words. All of your team should be involved in the write-up but, as in real life, the final decision rests with the Governor.
The Reserve Bank must receive your team's monetary policy decision and written assessment of the economy, by 5.00pm on Wednesday, 9 June 2010. Teams will present this information to Reserve Bank economists at the regional heats.
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