Loading…
The Reserve Bank of Australia raised its cash rate target by 25 basis points to 2.85 per cent on 1 November 2022. It forecast inflation to peak near 8 per cent later in 2022 and remain elevated into 2023.
Higher Australian rates strengthen the AUD and tighten financial conditions, a modest macro factor for Australian grain and livestock export pricing.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 1, 2022Not 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.
