# 4 May 2021 | Minutes of the Monetary Policy Meeting of the Board | RBA

> 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.

- Date: 2021-05-04 · published 2021-05-04T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47342-4-may-2021-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Central bank views on subdued inflation and accommodative policy support commodity-linked currencies, with limited direct effect on feed grain prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2021/2021-05-04.html

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