# 3 November 2020 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The Reserve Bank of Australia minutes from its 3 November 2020 meeting describe the global economy in the early stages of recovery from the largest contraction in decades. Members noted that China and some Asian economies had largely reversed earlier contractions while Europe and the US remained well below pre-pandemic GDP. Members stressed high uncertainty tied to the pandemic.

- Date: 2020-11-03 · published 2020-11-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/50402-3-november-2020-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

The outlook for slower recovery in Europe and the US points to softer demand for feed and protein, while the strength in China supports its import demand.

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-11-03.html

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