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

> The Reserve Bank of Australia held its cash rate at 1.50% on 6 November 2018. The statement noted continued global expansion, slower Chinese growth, a broad rise in the US dollar this year, and trade policy as a key uncertainty.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62293-statement-by-philip-lowe-governor-monetary-policy-decision-november-2018-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Steady Australian rates and the cited trade risks have limited direct impact on feed commodity prices. The statement mainly supports the AUD backdrop for Australian grain and meal exporters.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-27.html

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