The Reserve Bank of Australia (RBA) has cut its policy interest rate by 25 basis points to 4.1%, marking its first reduction since November 2020. The move follows a prolonged tightening cycle that saw rates rise from 0.1% to 4.35% between May 2020 and November 2023.
The RBA had maintained rates for the past nine consecutive meetings, but with inflation easing from its 2022 peak, the central bank sees room for adjustments.
In a statement, the bank said higher interest rates have helped balance supply and demand, though it warned of upside risks to inflation, particularly as labour market data remains unexpectedly strong.
"The labour market may be somewhat tighter than previously thought, creating uncertainties in the economic outlook," the RBA noted.
Despite the cut, the bank signaled a cautious approach moving forward, highlighting ongoing uncertainties in domestic growth and inflation trends.
📊 Key Takeaways:
✔️ First rate cut in over four years
✔️ Inflation easing but risks remain
✔️ Labour market strength could influence future decisions
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues ...
Canada and the five Nordic countries have agreed to deepen cooperation in military procurement and other areas, in...
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 ...
Ukraine wants money and technology in return for helping Middle Eastern nations that have sought its expertise as ...
French voters head to the polls on Sunday (15 March) to elect their mayors in a closely watched ballot seen as a t...
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
Top U.S. and Chinese economic officials launched a new round of talks in Paris on Sunday (15 March) to resolve issues in their trade truce. The discussions aim to smooth the way for U.S. President Donald Trump’s visit to Beijing to meet Chinese President Xi Jinping at the end of March.
The process of evacuating foreign diplomats and citizens from Iran to Azerbaijan through the Astara state border crossing continues on Sunday (15 March), ensuring smooth and efficient transit for those arriving.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 15 March, covering the latest developments you need to know.
A long-running investigation has suggested that the street artist known as Banksy may be legally named David Jones. A report indicates that Jones was previously known as Robin Gunningham, a name long associated with Banksy, before legally changing his name several years ago.
A widening conflict involving Iran, the United States and Israel has triggered escalating military strikes across the Middle East, disrupted shipping through the strategic Strait of Hormuz and raised concerns over global energy supplies. This live report tracks the latest developments.
Iran says it is open to talks with countries seeking safe passage through the Strait of Hormuz - disrupted by recent attacks - as Israel continues to launch wide‑scale strikes on Iranian infrastructure in the west. This live report tracks the latest developments.
North Korea fired what appeared to be a ballistic missile on Saturday (14 March), Japanese and South Korean officials said. The development comes amid the joint annual U.S.-South Korea "Freedom Shield" military drills and South Korean Prime Minister Kim Min-seok's visit to Washington.
Ukrainian drones struck an oil refinery and a key port in Russia’s southern Krasnodar region overnight (13-14 March), local authorities said, causing injuries and damage. In separate action, Russian air attacks on Ukrainian territory killed and wounded civilians near Kyiv, officials reported.
The prevailing security situation in the region has done little to deter entrepreneurs from the Commonwealth of Independent States (CIS) who continue to view Dubai as a premier and safe location for business.
China has raised the retail prices of petrol and diesel after global oil prices climbed sharply. The country’s top economic planning body, the National Development and Reform Commission (NDRC), announced the move after reviewing international oil market trends.
Global financial markets remained on edge on Friday as the escalating war involving the United States, Israel and Iran continued to rattle investors, fuelling volatility in stocks and sending energy prices sharply higher.
China’s top leadership has unveiled a new push to turn advanced technologies into large-scale industrial priorities as part of the country’s upcoming 15th Five-Year Plan, which will guide economic and social development from 2026 to 2030.
The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday (2 March).
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment