# 6 December 2016 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The Reserve Bank of Australia kept its cash rate unchanged at 1.50 percent at its December 6 meeting. Minutes showed unemployment at 5.6 percent in October and subdued wage growth, while commodity prices had risen over 2016.

- Date: 2016-12-06 · published 2016-12-06T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/73713-6-december-2016-minutes-of-the-monetary-policy-meeting-of-the-board-rba
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A steady rate keeps the Australian dollar supported relative to the US dollar, which slightly raises the cost of Australian feed grain exports. Higher commodity prices noted by the RBA support export income but the effect on feed prices is minor.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-12-06.html

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