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

> 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.

- Date: 2021-06-01 · published 2021-06-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/46849-statement-by-philip-lowe-governor-monetary-policy-decision-june-2021-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2021/mr-21-09.html

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