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The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent at its May 2018 meeting. The statement noted strengthening global growth, rising bond yields, and tighter US dollar short-term money markets.
Steady policy with global rate normalisation supports the currency mix that influences Australian export competitiveness, with limited direct effect on feed prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaMay 1, 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.
