# Australia central bank holds rates, talks up economy

> The Reserve Bank of Australia kept its cash rate unchanged at a record low of 1.5 percent at its November 1 meeting and offered no explicit easing bias. Interbank futures priced a one-in-three chance of a cut next year, down from one-in-two previously. The Australian dollar firmed to about $0.7655 afterward.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74097-australia-central-bank-holds-rates-talks-up-economy
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer Australian dollar makes Australian grain and oilseed exports less competitive and raises the cost of Australian barley and sorghum for feed buyers. Lower odds of rate cuts point to a modestly stronger currency.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/australia-economy-rates-idUSL4N1D203B/?feedName=usDollarRpt&feedType=RSS

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