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The RBA left its cash rate unchanged at 1.50% on February 7, 2017. The statement said global conditions had improved, Chinese growth risks remained, and Australian growth was expected near 3% over the next couple of years.
Holding rates steady keeps the AUD supported relative to lower-yielding peers, which affects the cost of Australian exports. The decision was widely expected and does not change the commodity outlook.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaFeb 7, 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.
