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

> The Reserve Bank of Australia left its cash rate unchanged at 1.50 per cent on 5 September 2017. The statement noted improving global growth, a Fed expected to keep raising rates, and commodity prices that had risen recently.

- Date: 2017-09-05 · published 2017-09-05T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/69184-statement-by-philip-lowe-governor-monetary-policy-decision-september-2017-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Holding rates steady keeps the Aussie supported against the US dollar, which can make Australian feed grain exports pricier and slightly lower global feed price pressure.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2017/mr-17-18.html

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