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

> 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.

- Date: 2018-04-03 · published 2018-04-03T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/65759-statement-by-philip-lowe-governor-monetary-policy-decision-april-2018-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2018/mr-18-07.html

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