# Statement by Philip Lowe, Governor: Monetary Policy Decision - December 2021 | Media Releases | RBA

> 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.

- Date: 2021-12-07 · published 2021-12-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/43846-statement-by-philip-lowe-governor-monetary-policy-decision-december-2021-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2021/mr-21-29.html

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