# 7 March 2017 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The RBA minutes from the 7 March 2017 meeting describe upward revisions to global growth forecasts and rising headline inflation in advanced economies, largely from higher oil prices. They also note China's 6.5% growth target and the PBOC signalling reduced monetary stimulus.

- Date: 2017-03-07 · published 2017-03-07T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/72249-7-march-2017-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Stronger global growth supports demand for feed grains and meat, while a PBOC pullback could soften Chinese import demand and commodity prices.

## Read by commodity

- WTI: neutral
- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-01-20 | [Meeting of 15-16 December 2021](https://feedsoft.ai/events/43341-meeting-of-15-16-december-2021.md) | +1.3% | +7.9% |
| WTI | 2026-03-31 | [Australian Dollar advances as RBA Minutes flag more tightening](https://feedsoft.ai/events/20405-australian-dollar-advances-as-rba-minutes-flag-more-tightening.md) | +9.6% | -1.7% |
| WTI | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | -0.6% | +12.6% |
| WTI | 2020-10-19 | [Oil steady near $41 before OPEC+ meets to assess state of market - Moneyweb](https://feedsoft.ai/events/50801-oil-steady-near-41-before-opec-meets-to-assess-state-of-market-moneyweb.md) | -2.4% | -1.9% |
| WTI | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +0.5% | +7.0% |
| BRENT | 2017-03-15 | [Will A Fed Rate Hike Boost The Price Of Oil? \| Investing.com](https://feedsoft.ai/events/71924-will-a-fed-rate-hike-boost-the-price-of-oil-investing-com.md) | +0.6% | +10.4% |
| BRENT | 2025-01-30 | [Oil Prices Hold Steady As Markets Await US Tariff Decisions, OPEC+ Meeting](https://feedsoft.ai/events/26669-oil-prices-hold-steady-as-markets-await-us-tariff-decisions-opec-meeting.md) | -2.8% | -4.9% |
| BRENT | 2020-12-03 | [Why the OPEC+ agreement to boost production in 2021 didn’t tank oil prices - MarketWatch](https://feedsoft.ai/events/49827-why-the-opec-agreement-to-boost-production-in-2021-didn-t-tank-oil-prices.md) | +1.7% | +7.3% |

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-03-07.html

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