# The Economic Outlook and Monetary Policy | Speeches | RBA

> RBA Governor Philip Lowe attributed slowing global growth to China's financial deleveraging and a marked slowdown in world trade, which has stalled over the past year. He linked the trade weakness to rising U.S. and Chinese tariffs and to a disruption in manufacturing.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: macro · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/59355-the-economic-outlook-and-monetary-policy-speeches-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

The RBA's signal of a weaker outlook and possible easing supports a softer AUD, and the tariff-driven trade slowdown reduces demand for Australian commodity exports.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/speeches/2019/sp-gov-2019-05-21.html

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