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

> The RBA held its cash rate at 10 basis points and kept its bond purchase program unchanged at its May 4 meeting. It raised its GDP growth forecast on a stronger-than-expected recovery and noted that the AUD remained near the upper end of its recent range.

- Date: 2021-05-04 · published 2021-05-04T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47340-statement-by-philip-lowe-governor-monetary-policy-decision-may-2021-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stable, accommodative Australian policy keeps the AUD supported by commodity prices, which marginally affects the cost of Australian feed grain exports.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2021/mr-21-06.html

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