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The Reserve Bank of Australia's board minutes described strong global growth in 2017, with synchronised expansion expected to continue in 2018 and rising demand for traded goods, especially from commodity exporters. The board judged that inflation pressures would build as spare capacity was absorbed.
Solid global demand supports commodity export volumes and prices, which is positive for Australian grain and feed exports. Rising inflation expectations could eventually lead to tighter policy and a firmer Australian dollar.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 6, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
