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

> 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.

- Date: 2021-04-06 · published 2021-04-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/47860-statement-by-philip-lowe-governor-monetary-policy-decision-april-2021-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2021/mr-21-04.html

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