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The minutes of the RBA's 1 August 2017 monetary policy meeting show the board discussing June quarter inflation, which was in line with expectations at about 2 per cent year-ended. Members also reviewed rents, housing construction costs and labour cost trends.
The inflation outlook shapes expectations for rate policy and therefore the Australian dollar; the discussion has little direct effect on feed grain or protein prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaAug 1, 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.
