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The Reserve Bank of Australia kept its cash rate target at 10 basis points, continued government bond purchases at A$4 billion per week until mid-February 2022, and discontinued its yield target on the April 2024 bond. Governor Philip Lowe said the economy is growing again and expected to return to its pre-Delta path by mid-2022.
The policy stance is largely expected and has limited direct effect on feed commodities. Stronger domestic growth could support Australian demand for feed inputs, but the impact on prices is small.
rba.gov.auPhilip Lowe GovernorNov 2, 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.
