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

> The Reserve Bank of Australia held its cash rate at 1.50 per cent on 4 September 2018. The statement said global expansion continues, that US trade policy is a key uncertainty, and that the US dollar has broadly appreciated this year.

- Date: 2018-09-04 · published 2018-09-04T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/63300-statement-by-philip-lowe-governor-monetary-policy-decision-september-2018-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Steady Australian rates and a firm US dollar keep the Aussie under pressure, which can influence Australian import costs and the pricing of exported grain and meat.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-21.html

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