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The Reserve Bank of Australia board met by videoconference on 7 July 2020 and reviewed the global economy. Members noted that new COVID-19 cases were rising in the United States and some emerging markets, raising risks to the outlook despite improving data.
The board stressed that the recovery depends on health outcomes and ongoing policy support.
Central bank guidance on policy support and global risks influences interest rates, currency values and demand for commodities. The minutes give a general outlook without a specific new policy shock for feed prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaJul 7, 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.
