# Statement by Philip Lowe, Governor: Monetary Policy Decision - October 2019 | Media Releases | RBA

> The Reserve Bank of Australia cut its cash rate by 25 basis points to 0.75 per cent. The statement cited downside risks from US-China trade and technology disputes, which are weighing on global trade and investment. The bank noted the Australian dollar was at its lowest level in recent times.

- Date: 2019-10-01 · published 2019-10-01T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/56827-statement-by-philip-lowe-governor-monetary-policy-decision-october-2019-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Lower Australian rates tend to weaken the Australian dollar, which can make Australian grain and barley cheaper in global markets. The trade-dispute risks it describes also signal softer demand for commodities.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2019/mr-19-27.html

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