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The RBA raised its cash rate by 25 basis points to 2.85 per cent, the highest since 2013. Inflation is now projected to peak at 8 per cent, up from the 7.75 per cent previously forecast, and the Australian dollar pared gains after the decision.
A hawkish RBA decision supports the AUD, which can make Australian exports more expensive, with minimal direct effect on feed commodities.
afr.comCecile LefortNov 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.
