💨 Abstract
On May 20, 2025, the Reserve Bank of Australia reduced its benchmark interest rate by 0.25% to 3.85%, marking the second cut this year. This move follows inflation falling within the target range of 2-3%. Annual inflation was 2.4% in the March quarter, with a trimmed mean of 2.9%. Though unemployment slightly increased to 4.1%, economists worry a worker shortage could drive inflation.
Courtesy: wtop.com
Suggested
First US utility seeks permit for a small nuclear reactor -
Westminster Kennel Club sets plans for its 150th dog show next year -
Judge who previously fought for abortion rights wants to join Wisconsin Supreme Court -
On ‘World Bee Day,’ the bees remained busy — and oblivious to threats that endanger their survival -
UK prime minister ‘horrified’ by Israel’s escalation in Gaza, repeats ceasefire demand -
Syria’s driest winter in nearly 7 decades triggers a severe water crisis in Damascus -
A London court sentences an Egyptian man to 25 years for smuggling people from Africa to Italy -
With a massive ark and museum, he spreads creationism a century after Scopes trial. He’s not alone -
Takeaways from AP’s report on creationist beliefs 100 years after the Scopes trial -
Marseille president rules out move to sign Man City great De Bruyne -