Articles from AustralianPolitics.com

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

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.

The Reserve Bank of Australia today made no change to the cash rate, leaving it at 4.35%.

The 4.35% rate has been in force since November 2023.

The bank’s decision is its first in a restructured process. A press conference will follow within the hour.

The Chinese Australian writer Yang Hengjun has been sentenced to death by a court in China.

Yang Hengjun

Yang Hengjun, a pro-democracy activist, has been detained for the past five years. His death sentence will likely be commuted to life imprisonment after two years of “good behaviour”.