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

> The Reserve Bank of Australia kept its cash rate at 0.10% and maintained its yield target. It will continue bond purchases at A$4 billion a week until at least mid-November after the current program ends in early September. The bank says the recovery is stronger than expected, supported by high commodity export prices.

- Date: 2021-07-06 · published 2021-07-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46322-statement-by-philip-lowe-governor-monetary-policy-decision-july-2021-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Easy monetary policy supports the Australian economy and currency, which can influence Australian export competitiveness. The commodity-price reference suggests firm export values, though the direct feed-market impact is limited.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2021/mr-21-13.html

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