# 5 May 2020 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The RBA published the minutes of its 5 May 2020 monetary policy meeting, held by videoconference. Members discussed a deep global contraction from COVID-19 lockdowns in the first half of 2020, with recovery expected in the second half supported by fiscal and monetary stimulus. Members noted that renewed virus outbreaks could still weigh on household and business spending.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/53415-5-may-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 minutes describe a weak global demand outlook that could reduce demand for feed and livestock products. No specific commodity price move is attributed in the text.

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-05-05.html

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