# 3 July 2018 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The Reserve Bank of Australia board minutes from its 3 July 2018 meeting show GDP growth of 3.1% over the year to the March quarter, above trend estimates. Consumption was subdued in the March quarter but had risen close to 3% over the year.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64308-3-july-2018-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Solid Australian growth and the policy outlook shape the Australian dollar's value, which affects the cost of Australian commodity exports.

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-07-03.html

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