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

> 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.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72768-statement-by-philip-lowe-governor-monetary-policy-decision-february-2017-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2017/mr-17-02.html

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