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

> 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.

- Date: 2017-10-03 · published 2017-10-03T12:00:00.000Z
- Category: policy · region Australia · magnitude low
- Page: https://feedsoft.ai/events/68702-statement-by-philip-lowe-governor-monetary-policy-decision-october-2017-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2017/mr-17-21.html

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