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The RBA kept its cash rate, 3-year bond yield target and Term Funding Facility settings unchanged on October 6, 2020. Governor Philip Lowe said the global recovery was gradual and uneven, with inflation very low and financial conditions accommodative.
Steady accommodative policy supports the Australian economy and commodity-linked currencies. The hold was widely expected and does not change the feed price outlook.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaOct 6, 2020Not 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.
