# Statement by Philip Lowe, Governor: Monetary Policy Decision - December 2017 | Media Releases | RBA

> 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.

- Date: 2017-12-05 · published 2017-12-05T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/67731-statement-by-philip-lowe-governor-monetary-policy-decision-december-2017-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2017/mr-17-25.html

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