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

> The Reserve Bank of Australia kept its cash rate unchanged at 1.50 per cent on 2 April 2019. Governor Philip Lowe said global growth has slowed and downside risks have increased, while Australian unemployment is at 4.9 per cent.

- Date: 2019-04-02 · published 2019-04-02T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59830-statement-by-philip-lowe-governor-monetary-policy-decision-april-2019-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A hold with a softer global outlook points to a weaker Aussie dollar, which tends to track China-linked commodity demand. For feed buyers, a softer AUD marginally reduces Australian export competitiveness for grains and meal.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2019/mr-19-07.html

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