# Statement by Philip Lowe, Governor: Monetary Policy Decision - October 2020 | Media Releases | RBA

> 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.

- Date: 2020-10-06 · published 2020-10-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/50904-statement-by-philip-lowe-governor-monetary-policy-decision-october-2020-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Steady accommodative policy supports the Australian economy and commodity-linked currencies. The hold was widely expected and does not change the feed price outlook.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2020/mr-20-24.html

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