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The Reserve Bank of Australia kept its cash rate at 0.10% and its 3-year bond yield target unchanged at its 1 June 2021 meeting. The bank said the global recovery is uneven, commodity prices are mostly higher than at the start of the year, and Australian growth is stronger than expected.
Steady Australian policy keeps the Australian dollar supported, which marginally affects the cost of Australian grain and oilseed exports. The decision has little direct effect on feed commodity prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJun 1, 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.
