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RBA predicts slow growth and limited interest rate cuts

RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians

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RBA projects steady economic growth but no significant interest rate cuts, warning of ongoing cost-of-living challenges for Australians

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In Short:
– RBA predicts persistent cost-of-living issues with low chances of interest rate cuts; economy growth expected at 2%.
– Unemployment rose to 4.5%, but is projected to remain steady; inflation is forecasted at 3.7% by next June.
RBA forecasts indicate ongoing cost-of-living struggles and a low likelihood of interest rate cuts. The Reserve Bank’s quarterly Statement on Monetary Policy (SMP) suggests Australia’s economy will grow at around 2% annually, primarily driven by housing investment.Banner

Unemployment rose to 4.5% last month but is expected to remain steady just below this level for the next two years. Some economists challenge this optimism. Productivity is improving more quickly than anticipated but remains relatively low by historical standards.

Inflation, meanwhile, is projected to stay persistently high despite solid growth and stable unemployment. The bank highlighted that last week’s inflation figures were significantly higher than expected, with the annual consumer price rise predicted to reach 3.7% by next June. With wage growth forecasted at only 3%, workers’ purchasing power is expected to decline.

No Rate Cuts

The RBA’s lack of interest rate cut forecasts have led markets to lower their expectations. The cash rate is predicted to bottom out at 3.3% next year, a revision from earlier projections of 2.9%. Many economists believe further cuts are unlikely, with a median expectation for no cuts until late next year.

RBA governor Michele Bullock acknowledged that maintaining the current rate is possible, noting that the RBA may not need to reduce rates significantly as other central banks have.

Competitive banking conditions offer some relief to borrowers, resulting in reduced spreads on variable-rate mortgages. Nonetheless, there are concerns that these spreads could increase as banks aim for higher profitability or as market risk premiums adjust. Australian variable mortgage rates may have reached their lowest point for the foreseeable future.


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Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Minneapolis protests erupt after fatal ICE shooting

Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.

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Tensions rise in Minneapolis after fatal shooting by ICE agent, sparking protests and unrest as investigations unfold.


Tensions in Minneapolis have escalated following the fatal shooting of a mother by a U.S. Immigration agent. The incident has sparked outrage across the city, with residents taking to the streets to demand justice. Authorities are struggling to contain the unrest as public anger continues to mount.

State and federal officials are now at odds over the investigation. The Minnesota Bureau of Criminal Apprehension has stepped back after the FBI assumed control, while the state attorney general has warned that state-level charges could still be pursued independently. The political divide adds another layer of complexity to an already volatile situation.

In response to the protests, schools in Minneapolis have closed and the National Guard has been activated to maintain order. Citizens are being urged to stay safe as tensions remain high and the city braces for further demonstrations.

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#MinneapolisProtests #ICEShooting #USNews #FBIInvestigation #NationalGuard #StateVsFederal #JusticeForAll #TickerNews


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Iran protests escalate as economy crumbles

Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.

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Iran faces widespread protests as currency collapse and soaring inflation strain household budgets, fueling public anger.


Protests are spreading across Iran after the country’s currency suffered a dramatic collapse, pushing inflation to more than 42 percent in December. Rising prices are squeezing household budgets, with basic goods becoming increasingly unaffordable for millions of Iranians.

What began as frustration over the cost of living has quickly grown into widespread public anger, as families struggle to keep up with soaring expenses amid a weakening rial and economic uncertainty.

These economic pressures have become the catalyst for demonstrations across major cities, marking one of the most serious waves of unrest linked directly to inflation in recent years.

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#Iran #Inflation #GlobalEconomy #MiddleEast #Protests #CurrencyCrisis #WorldNews #Ticker


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PM initiates royal commission on anti-Semitism and unity

PM announces royal commission to address anti-Semitism and social cohesion following pressure from various communities and leaders

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PM announces royal commission to address anti-Semitism and social cohesion following pressure from various communities and leaders

In Short:
– Anthony Albanese has announced a royal commission into anti-Semitism and social cohesion, led by Virginia Bell.
– The inquiry aims to foster unity in Australia amid rising tensions and concerns from various community groups.
Anthony Albanese has initiated a commonwealth royal commission into anti-Semitism and social cohesion following mounting pressure.

The inquiry, announced in Canberra, will be led by former High Court justice Virginia Bell, despite opposition from some Jewish groups.The Prime Minister stated the need for a royal commission was essential for promoting unity within Australia, particularly after engaging with families of Bondi attack victims and the Jewish community.

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He confirmed discussions with NSW Premier Chris Minns and expects the single commission to run over the next 12 months, with further comments from Mr Minns anticipated soon.

The prime minister has been asked if he’s still worried a royal commission would fuel antisemitism.  Anthony Albanese insists he doesn’t want the inquiry to weaken social cohesion.

“The royal commissioner will bear in mind how hearings are conducted in the processes of their conduct,” Albanese says.

“We have been working on this for weeks. I have been engaged with the community.”

The prime minister was questioned about whether it was a mistake to reject calls for a royal commission into antisemitism.  Following the Bondi terror attack, the federal government faced pressure to establish such a commission. 

Anthony Albanese stated that the government has implemented various measures within the 25 days following the attack.

“We have increased funding for security agencies. We have had daily briefings of the National Security Committee,” Albanese says.

“The Commonwealth have particular resources and one of the groups and individuals I’ve spoken to as well have been people outside of New South Wales,” he says.

Highly-respected former High Court judge Justice Virginia Margaret Bell is the PM’s pick to lead the royal commission.

Sustained advocacy

This decision comes after sustained advocacy from various groups, including victims’ families, former leaders, and prominent figures across sectors.

Over recent weeks, Albanese and his team had put forth several arguments against a royal commission, such as concerns over divisiveness and potential exposure of sensitive information.

Gamel Kheir from the Lebanese Muslim Association has suggested that a broader inquiry into all forms of “minority religion” discrimination is needed, expressing wariness within the Muslim community regarding the federal inquiry’s focus.

Broad Support

A significant number of community and cultural organisations back a royal commission addressing social tensions and discrimination related to the Israel-Gaza conflict.

In support of this sentiment, nearly 50 diaspora and faith groups released an open letter urging a thorough examination of rising anti-Semitism and related issues following the Bondi Beach terror attack.


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