# Today's Monetary Policy Decision | Speeches | RBA

> 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.

- Date: 2021-11-02 · published 2021-11-02T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/44302-today-s-monetary-policy-decision-speeches-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/speeches/2021/sp-gov-2021-11-02.html

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