“The United States looks forward to deepening its relationship with Australia to advance our common interests and promote freedom and stability in the Indo-Pacific and globally,” he added. The central bank reduced its benchmark cash interest rate by a quarter percentage point in February to 4.1% in an indication that the worst of the financial hardship had passed. The rate is widely expected to be cut again at the bank’s next board meeting on May 20, this time to encourage investment amid the international economic uncertainty generated by Trump’s tariff policies.
Published at: 2025-05-03 21:07:41
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