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
Indian Prime Minister Narendra Modi arrived in Israel on Wednesday (25 February) for a two-day visit, becoming the first Indian premier to address the...
The U.S. Treasury Department imposed sanctions on Wednesday (25 February) on more than 30 individuals, entities and "shadow fleet" vessels it said ena...
Georgia is facing intensifying diplomatic pressure as Western partners urge stronger alignment against Russia, while leaders in Tbilisi warn that furt...
Thousands of dead grebes have been found along Azerbaijan’s Caspian coastline, prompting authorities to expand inspections as early laboratory tests...
The U.S. Embassy in Jerusalem says it will provide on-site passport and consular services to settlers based in the West Bank on Friday 27 February. Th...
The U.S. Embassy in Jerusalem says it will provide on-site passport and consular services to settlers based in the West Bank on Friday 27 February. The move marks the first time American consular officials have offered such services to settlers, U.S. officials said on Tuesday.
U.S. President Donald Trump’s latest State of the Union address set out a second-term agenda built on economic protectionism, military strength and a hard line on Iran, signalling a strategy that pairs diplomatic engagement with firm red lines, Assoc. Prof. Orkhan Valiyev told AnewZ Daybreak.
A group of sick and injured Palestinians and their caregivers left Gaza through the Rafah border crossing on Wednesday (25 February) for medical treatment abroad, as limited evacuations continue under tight restrictions.
Hindu devotees in the northern town of Barsana in Uttar Pradesh celebrated ‘Laddoo Holi’ on Tuesday (24 February), a traditional pre-Holi ritual honouring the Hindu deity Krishna.
The Taliban in Kabul has rejected Russian claims that more than 23,000 militants from around 20 international terror groups are currently operating within Afghanistan.
Four years after Russia launched its full-scale invasion of Ukraine on 24 February 2022, the war is no longer defined by shock but by scale.
Seven people were killed after gunmen ambushed a police patrol in Kohat, a district in Pakistan’s north-west near the Afghan border, on Tuesday, in an attack that comes amid rising militant violence and heightened tensions between Pakistan and Afghanistan.
Four members of Syria’s Internal Security Forces were killed and two others injured on Monday (23 February) in an attack by the ISIS (Daesh) terrorist group targeting a checkpoint west of Raqqa in northeastern Syria, the Interior Ministry said.
Four years into Russia’s invasion of Ukraine, the war can be measured not only in lives and territory, but in money. In Part One, the war’s cost was measured in casualties and kilometres. In Part Two, it is measured in billions of dollars.
Millions of Colombian roses have arrived in the United States just in time for Valentine’s Day, keeping the country on track as the world’s second-largest flower exporter. Between 15 January and 9 February, Colombia shipped roughly 65,000 tons of fresh-cut blooms.
Russia’s car market is continuing to receive tens of thousands of foreign-brand vehicles via China despite sanctions imposed after Moscow’s full-scale invasion of Ukraine in 2022, a journalistic investigation has found.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment