Monetary policy's objectives in Australia are full employment/output and inflation. Hence the effect of climate on these variables is an appropriate way to consider the effect of climate change on the economy and the implications for monetary policy. The economy is changing all the time in response to a large number of forces.
“Exchange rates reflect the economic situation in the various countries. The US economy, for example, is in a completely different phase of the business cycle than Europe. That explains  BIS central bankers’ speeches  1  why monetary policy here is not the same as in the United States.