# 1 November 2016 | Minutes of the Monetary Policy Meeting of the Board | RBA

> The RBA published the minutes of its November 1 Monetary Policy Meeting, which discussed how outcomes compared with earlier forecasts. Board members noted that commodity prices and the terms of trade had fallen more than expected, and that the Australian dollar's depreciation had helped the economy adjust. Wage growth was described as lower than historically implied.

- Date: 2016-11-01 · published 2016-11-01T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/74102-1-november-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

The minutes show the central bank remains focused on a weak currency that supports Australian exports. This bias suggests limited near-term upward pressure on the Aussie dollar.

## Read by commodity

- AUDUSD: neutral

## Sources

- rba.gov.au: https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-11-01.html

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