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The Reserve Bank of Australia left its cash rate unchanged at 1.50% on April 3, 2018. Governor Philip Lowe said the global economy has strengthened, long-term bond yields have risen, and recent commodity export prices have fallen but remain within their past-year ranges.
A steady RBA with firm global growth supports Australian commodity demand, while higher global yields tighten financial conditions; the impact on feed commodity prices is limited.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaApr 3, 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.
