# 18 March 2020 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The Reserve Bank of Australia's board met in a special session on 18 March 2020 to consider monetary policy responses to COVID-19. Members noted very sharp falls in risky assets, with advanced-economy equity prices down about 30 per cent, and heavy disruption from border closures.

- Date: 2020-03-18 · published 2020-03-18T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/54363-18-march-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

Sharp equity and currency stress in Australia signals weaker domestic demand and a softer Aussie dollar, which can shift export pricing for Australian feed-linked commodities. The effect is mainly macro and indirect for feed buyers.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-03-18.html

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