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The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent on 6 February 2018. The statement cited a broad global pick-up, rising oil and commodity prices, and expected GDP growth above 3 per cent.
Steady Australian rates and firm commodity prices support Australian export earnings and the AUD, which affects the value of Australian wheat, barley and meal sold abroad.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 6, 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.
