# (RBA) Statement by the Reserve Bank Board: Monetary Policy Decisions - ActionForex

> 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.

- Date: 2024-09-24 · published 2024-09-24T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/28582-rba-statement-by-the-reserve-bank-board-monetary-policy-decisions-actionforex
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A prolonged restrictive RBA stance supports the AUD and affects currency-driven export competitiveness, but has little direct effect on feed commodity prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- actionforex.com: https://www.actionforex.com/central-banks/reserve-bank-of-australia/569056-rba-statement-by-the-reserve-bank-board-monetary-policy-decisions-4/

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