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16.06.25 - 09:42
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Australian Treasurer Warns Global Economy Is a ′Dangerous Place′ (Bloomberg)
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Israel's air strikes on Iran's nuclear facilities and the Islamic Republic's retaliation represents a “perilous” moment for the Middle East, and together with turmoil elsewhere means the global economy is a “pretty dangerous place right now,” Australian Treasurer Jim Chalmers said Monday....
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20.05.25 - 08:42
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China and Australia cut interest rates; Greggs sales improve as Mac and Cheese goes viral – business live (The Guardian)
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China cuts its benchmark lending rates for the first time since October, following Beijing's sweeping monetary easing measuresGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.China's and Australia's central banks have both cut interest rates to stimulate their economies and cushion the impact of US trade tariffs.The central bank is likely to switch to a wait-and-see approach in coming months unless external geopolitical risks deteriorate enough to extinguish hopes that the economy can stabilise.Inflation is in the target band and upside risks appear to have diminished as international developments are expected to weigh on the economy.The board assesses that this move will make monetary policy somewhat less restrictive. It nevertheless remains cautious about the outlook.9am BST: Bank of England chief economist Huw Pill speech10am BST: Eurozone construction output for March Continue reading......
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20.05.25 - 08:24
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Australia lowers interest rates to 3.85%, second cut this year (Times of India)
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The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target. This decision follows concerns about global economic uncertainty due to US tariffs, despite recent trade negotiation revivals between the US and China. While inflation stabilises, unemployment has slightly increased to 4....
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20.05.25 - 07:54
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RBA interest rates announcement: Reserve Bank cuts official cash rate to 3.85% (The Guardian)
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Decision to reduce rate by 25 basis points suggests Australia's central bankers believe inflation is being tamedAustralia news live: latest politics updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has cut the cash rate by a quarter point to 3.85%, easing pressure on mortgage holders grappling with high living costs and elevated interest repayments.Economists view the RBA decision as a sign that Australia's central bankers believe inflation is being tamed and that there is no longer a need for a borrowing rate over 4% to constrain households. Continue reading......
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