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The RBA kept its cash rate and 3-year bond yield target at 25 basis points at its 7 April 2020 meeting. The statement expects large contractions and unemployment worldwide, with a recovery after the virus is contained.
The bank has bought about $36 billion of government bonds.
Rate policy anchored at low levels weakens the AUD relative to the USD over time, which can influence Australian export pricing for grains and other commodities.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaApr 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.
