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The Reserve Bank of Australia left its cash rate on hold at 4.1% for a second month, while flagging that further increases may be needed to contain inflation. Local shares closed higher after gains on Wall Street and in European markets.
A hold with a tightening bias keeps the Australian dollar supported and has little direct effect on feed grain or protein prices.
abc.net.aubusiness reporter Kate AinsworthJul 31, 2023Not 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.
