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

> The RBA left its cash rate unchanged at 1.50 percent on 7 November 2017. The statement described improving global growth, steady Chinese expansion with debt risks, and expected declines in Australia's terms of trade.

- Date: 2017-11-07 · published 2017-11-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68223-statement-by-philip-lowe-governor-monetary-policy-decision-november-2017-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A steady RBA rate keeps the AUD supported by yield differentials, which affects Australian export competitiveness for grains and meal. The impact on feed prices is limited.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2017/mr-17-23.html

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