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The RBA Governor Philip Lowe announced on November 1 that the Board left the cash rate unchanged at 1.50 percent. The statement noted slow global growth, steadier Chinese economic conditions and commodity prices that have risen from earlier lows.
Australia's economy was described as growing at a moderate rate.
Steady rates and firmer commodity prices support Australia's terms of trade and keep the Aussie dollar stable. Stable currency conditions have little direct effect on feed commodity prices.
rba.gov.auscheme=AGLSTERMS.AglsAgent, corporateName=Reserve Bank of AustraliaNov 1, 2016Not 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.
