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The RBA kept its cash rate target at 10 basis points and continued bond purchases of $4 billion a week until at least mid-February 2022. The Governor said the Australian economy is recovering from the Delta setback and that headline CPI inflation is 3 per cent.
Holding rates at record lows while US rates rise supports rate-differential pressure on the Aussie dollar, a mild bearish factor for Australian export commodity prices in USD terms.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 7, 2021Not 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.
