Loading…
The Reserve Bank of Australia kept its cash rate and three-year bond yield targets at 10 basis points on April 6, 2021. The bank said the global recovery is uneven, commodity prices are mostly higher than at the start of the year, and the Australian economy is recovering faster than expected.
Steady ultra-low rates support Australian growth and commodity demand indirectly, but this is a policy decision with little immediate effect on feed grain or oilseed prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaApr 6, 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.
