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The Reserve Bank of Australia left its cash rate unchanged at 1.50% on 3 October 2017. The statement said global conditions had improved, Chinese growth was supported by infrastructure and property spending, and Australia's terms of trade were expected to decline from high levels.
It also noted that the Fed would begin balance-sheet normalisation.
A steady policy rate with a weakening terms-of-trade outlook signals slower Australian commodity export income over time, with little near-term effect on feed prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaOct 3, 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.
