# Today's Monetary Policy Decision | Speeches | RBA

> The Reserve Bank of Australia raised its cash rate target by 25 basis points to 0.35% and lifted the interest rate on exchange settlement balances to 0.25%. The bank also stopped reinvesting maturing government bond proceeds, citing resilient growth and faster-than-expected inflation.

- Date: 2022-05-03 · published 2022-05-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/41654-today-s-monetary-policy-decision-speeches-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Tighter Australian monetary policy supports the Aussie currency and raises borrowing costs for domestic farmers and feedlots, with limited direct effect on global feed grain prices.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- rba.gov.au: https://www.rba.gov.au/speeches/2022/sp-gov-2022-05-03.html

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