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The RBA's May 4 meeting minutes show members noted an improved global outlook, uneven recovery and subdued underlying inflation. Members also discussed the upswing in commodity prices.
Central bank views on subdued inflation and accommodative policy support commodity-linked currencies, with limited direct effect on feed grain prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaMay 4, 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.
