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The Reserve Bank of Australia kept its cash rate unchanged at 1.50 per cent. The statement said global growth had improved, Chinese growth was supported by infrastructure and property, and Australia's terms of trade are expected to decline.
Steady Australian rates and expected lower terms of trade point to a softer domestic currency outlook over time, with limited immediate effect on feed commodity prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaDec 5, 2017Not 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.
