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

> The Reserve Bank of Australia left its cash rate unchanged at 0.75 per cent. Governor Philip Lowe said the coronavirus and bushfires would weigh on growth in the short term, and that the Australian dollar was near its lowest level in recent times.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54856-statement-by-philip-lowe-governor-monetary-policy-decision-february-2020-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Holding rates steady at a record low keeps the Aussie under pressure, which can make Australian grain and meal cheaper for overseas buyers.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2020/mr-20-01.html

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