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Reserve Bank Leaves Cash Rate Unchanged at 4.35%

March 19, 2024 - 14:42 -- Admin

The Reserve Bank has left the cash rate unchanged at 4.35%, in a decision announced today. The cash rate has now been held at 4.35% for the past four months. In a statement released today, the RBA board says that inflation has moderated but is still high. It says the “outlook is highly uncertain”. The statement issued by the board is shown below. Interest Rate Movements Since 1990

Marles Announces Expansion of Australian Navy

February 20, 2024 - 13:12 -- Admin

The Defence Minister, Richard Marles, has announced an upgrade and expansion of the Australian Navy to give it an “enhanced lethality surface combatant fleet”.

Flanked by the Pat Conroy, the Minister for Defence Industry, Marles announced an additional $11 billion over the next decade. The money will be used to expand the Navy’s fleet of warships to 26 vessels, an increase of 15 craft.

Australia Day in 1973 Passed Almost Unnoticed But Whitlam Began Search For A New National Anthem

January 26, 2024 - 12:32 -- Admin

Australia Day 1973 passed almost unnoticed, according to one radio news report, but Gough Whitlam used his 53rd day as prime minister to announce a search for a new national anthem.

Listen to a news report from radio 3DB in Melbourne on January 26, 1973, including a clip from Whitlam’s speech (1m)

Whitlam’s announcement of a replacement for God Save the Queen came in his Australia Day address. He said:

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