Reserve bank of Australia (RBA) board will meet and discuss domestic and global economic conditions to come up with a monetary policy statement and decide on the appropriate level of cash rate. Put yourself in the position of a board member and write a report with recommendation to the board about the appropriate level of cash rate. also include explicit recommendation whether to increase, decrease (by how many basis points) or sustain the level of cash rate. take into account the domestic and global economic conditions and aim to achieve the three objectives of the monetary policy set out by RBA
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