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

> The RBA left its cash rate unchanged at 1.50% on 3 July 2018. The statement said global expansion continues, the US trade policy direction is an uncertainty, and short-term Australian wholesale rates have risen.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/64309-statement-by-philip-lowe-governor-monetary-policy-decision-july-2018-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A steady policy rate with rising wholesale rates keeps the Australian dollar supported relative to low-yielding currencies, with limited direct effect on feed commodity prices.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-16.html

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