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The RBA's July 6 minutes show the board judged global recovery well under way and risks more evenly balanced. Members noted vaccination progress and a relaxation of containment measures in North Atlantic economies.
Policy settings remained highly accommodative.
Global recovery and accommodative policy support commodity demand over time, though the minutes contain no new supply or price catalyst for feed markets.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJul 6, 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.
