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Reserve Bank Leaves Rates on Hold: “The Outlook is Highly Uncertain”
The Reserve Bank of Australia has left rates on hold, following its Board meeting over the past two days. The cash rate remains at 4.35%. The rate was last changed in November 2023. Interest Rate Movements Since 1990 This is the statement issued by the Reserve Bank:
Reserve Bank Leaves Rates on Hold: “The Outlook is Highly Uncertain”
The Reserve Bank of Australia has left rates on hold, following its Board meeting over the past two days. The cash rate remains at 4.35%. The rate was last changed in November 2023. Interest Rate Movements Since 1990 This is the statement issued by the Reserve Bank:
Australian Parliamentary Leaders: April 10, 2024
This page shows the heads of government and opposition leaders in Australia from April 10, 2024. There are nine parliaments in Australia. There is one Federal Parliament in Canberra, six State Parliaments (New South Wales, Victoria, Queensland, South Australia, Western Australia & Tasmania) and two Territory Parliaments (Northern Territory & Australian Capital Territory). Each parliament has a lower house from which a government is formed.
Samantha Mostyn Appointed 28th Governor-General
Samantha Mostyn, a lawyer,business-woman and gender equality campaigner, has been appointed the 28th Governor-General of Australia. The appointment was announced this morning by the Prime Minister, Anthony Albanese. The vice-regal appointment is made by King Charles III on the advice of the prime minister. Mostyn will take up the 5-year appointment on July 1, 2024.
Sen. Dave Sharma (NSW-Lib) Maiden Speech
This is Senator Dave Sharma’s maiden speech to the Senate. Sharma, a Liberal, assumed his NSW Senate position on November 30, 2023. He filled a casual vacancy created by the departure of Senator Marise Payne. At her retirement, Payne was the longest-serving female senator, having held her seat for 26 years, 5 months and 21 days since 1997. Previously, as the member for Wentworth (2019-2022), Sharma delivered a first speech to the House of Representatives.
Reserve Bank Leaves Cash Rate Unchanged at 4.35%, Says “The Outlook Is Highly Uncertain”
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”.
Scott Morrison’s Valedictory Speech
Scott Morrison, the former Prime Minister (2018-22), has delivered his valedictory speech to the House of Representatives. Morrison will resign as the Liberal member for Cook later this week. First elected to parliament in 2007, Morrison was re-elected five more times. He served nearly six years in opposition before becoming a Cabinet minister upon election of the Abbott coalition government in 2013.
Marles Announces Expansion of Australian Navy
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.
Jeremy Rockliff To Call Early Tasmanian Election
Jeremy Rockliff, the Liberal Premier of Tasmania, has announced that negotiations with two former Liberal MPs have broken down and he will call an early election tomorrow. Rockliff said John Tucker and Lara Alexander had “failed to commit to a new, enduring agreement”, following their resignations from the Liberal Party in May, 2023. The former Liberals had concerns relating to the proposed Macquarie Point Stadium project.