The Reserve Bank governor said the bank had revised growth higher for next year, mainly driven by investment in renewables. Inflation was expected to decline to 5% next year and to 4.5% in 2025.
NEWS
Wikipedia offers a pretty clear definition: a central bank, reserve bank or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base.
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