# Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases | RBA

> The RBA raised its cash rate target by 25 basis points to 4.35% on May 5, citing inflation pressures and higher fuel prices from the Middle East conflict. The board flagged heightened uncertainty and said further upside risks exist if the conflict lasts longer.

- Date: 2026-05-05 · published 2026-05-05T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/19505-statement-by-the-monetary-policy-board-monetary-policy-decision-media-releases
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Tighter Australian monetary policy strengthens the AUD and raises financing costs for domestic agribusiness, but has little direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2026/mr-26-12.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.