Year 12 Students Welcome the Reserve Bank of Australia
Wondering if the Reserve Bank of Australia (RBA) will hike interest rates once more? Our Year 12 Economics students could shed some light!
On Tuesday, our Year 12 Economics students had the opportunity to engage with the RBA Education Team, who provided deep insights into critical subjects such as Monetary Policy and the Current Economic Conditions. Their presentation highlighted essential topics including economic growth, and the influence of global activities and household consumption on aggregate demand. They also explored key issues within the labour market, focusing on employment, participation rates, and wage growth.
The team also addressed pressing concerns about the hot topic of inflation, including its current driving factors like rental prices. It offered projections on inflation trends up to 2026 and the RBA’s strategies for combating rising inflation through monetary policies.
Economics Teacher Kristal Grace highlighted the unexpected advantages of the presentation by saying “The presentation offered students an unexpected benefit, beyond theoretical learning, our stereotype of an economist was challenged as we saw the diversity within the RBA. Clare and Stephanie, both early career economists, spoke of the benefits of studying economics and how it has assisted them to develop critical thinking skills and to see the world through an economic lens.”
She further commented “The rising cost of living is a hot topic. There is no doubt our community has felt the impact of rising prices and increasing interest rates over the past two years. The presentation from the RBA provided students with the perfect opportunity to develop a better understanding of the current state of the economy and to gain insight into the projection of inflation rates into 2026 which directly relates to the Year 12 teaching program.”
“The RBA presentation broadened my understanding of where our Australian economy is situated. It provided me with a better understanding of why the RBA board decided to leave the cash rate unchanged at 4.35% in February.” Arianne PataneÂ
This event seamlessly fits into our College’s broader mission of “Connecting Learning to Life,” guided by our College values. We aim to prepare our students for future challenges by fostering Technical Attributes emphasising Financial Literacy. By equipping our students with these essential skills, they will be able to make informed financial decisions—an indispensable skill in today’s world. In this blog, Principal Jennifer Oaten shares our unwavering commitment to promoting financial literacy, recognising it as a fundamental pillar to empower women and accelerate progress within our society. Â
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Author: Santa Maria College
Santa Maria College is a vibrant girls school with a growing local presence and reputation. Our Mission is to educate young Mercy women who act with courage and compassion to enrich our world. Santa Maria College is located in Attadale in Western Australia, 16 km from the Perth CBD. We offer a Catholic education for girls in Years 5 – 12 and have 1300 students, including 152 boarders.
