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The minutes of the 6 November RBA board meeting cover discussion of global growth, which was robust in 2018 but expected to ease. Members noted a small negative effect from recent US and east Asian tariff changes and discussed risks from further trade escalation.
The minutes point to trade-tension risks to growth in Australia's trading partners, which could weigh on demand for commodities. The direct price effect on feed markets is limited.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 6, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
