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The Reserve Bank of Australia left the cash rate target unchanged at 4.35% on September 24. It said underlying inflation was 3.9% over the year to the June quarter and remains above the 2-3% target, with a return to target not expected until 2026.
A prolonged restrictive RBA stance supports the AUD and affects currency-driven export competitiveness, but has little direct effect on feed commodity prices.
actionforex.comReserve Bank of AustraliaSep 24, 2024Not 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.
