# Statement by Philip Lowe, Governor: Monetary Policy Decision - December 2018 | Media Releases | RBA

> The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent. The statement noted slowing global trade partly from trade tensions, slower Chinese growth, and a broad appreciation of the US dollar this year.

- Date: 2018-12-04 · published 2018-12-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/61810-statement-by-philip-lowe-governor-monetary-policy-decision-december-2018-media
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A steady policy rate has little direct effect on feed prices, but the cited slowdown in trade and a stronger dollar are mild negatives for commodity demand.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-07 | [Statement by Philip Lowe, Governor: Monetary Policy Decision - June 2022 \| Media Releases \| RBA](https://feedsoft.ai/events/41203-statement-by-philip-lowe-governor-monetary-policy-decision-june-2022-media.md) | +2.4% | +4.0% |
| DXY | 2025-02-18 | [Box A: Implications of US Policy Settings for Financial Markets \| Statement on Monetary Policy – February 2025 \| RBA](https://feedsoft.ai/events/26334-box-a-implications-of-us-policy-settings-for-financial-markets-statement-on.md) | +0.0% | -1.4% |
| DXY | 2017-05-03 | [FOMC Dollar rises gold extends fall after Fed policy statement](https://feedsoft.ai/events/70920-fomc-dollar-rises-gold-extends-fall-after-fed-policy-statement.md) | +0.6% | -1.2% |
| DXY | 2023-10-31 | [USDBRL should reflect monetary policy decisions from Brazil, the US, Japan, and England and data for the US and China](https://feedsoft.ai/events/33832-usdbrl-should-reflect-monetary-policy-decisions-from-brazil-the-us-japan-and.md) | -1.4% | -2.9% |
| DXY | 2022-12-14 | [Currencies: Volatility Due to Monetary Policy Decisions in Europe - Stocks and Securities \| Investments and Western Union Money Transfers Colombia](https://feedsoft.ai/events/38505-currencies-volatility-due-to-monetary-policy-decisions-in-europe-stocks-and.md) | +0.2% | -2.0% |

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-31.html

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