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

> 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.

- Date: 2018-05-01 · published 2018-05-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65259-statement-by-philip-lowe-governor-monetary-policy-decision-may-2018-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Steady policy with global rate normalisation supports the currency mix that influences Australian export competitiveness, with limited direct effect on feed prices.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-11.html

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