# 7 December 2021 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The RBA Board's minutes from its 7 December 2021 meeting describe a global economy continuing to recover, supported by expansionary policy and rising vaccination, with Omicron adding near-term uncertainty. Domestic demand in Asia was rebounding and China's activity stabilised early in the December quarter.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43845-7-december-2021-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A dovish RBA keeps Australian rates low relative to the US, which weighs on the Aussie dollar; a weaker AUD makes Australian exports such as barley and wheat cheaper for buyers.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-12-07.html

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