# Statement by Philip Lowe, Governor: Monetary Policy Decision - November 2016 | Media Releases | RBA

> 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.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74101-statement-by-philip-lowe-governor-monetary-policy-decision-november-2016-media
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- rba.gov.au: https://www.rba.gov.au/media-releases/2016/mr-16-27.html

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