The Reserve Bank of Australia cut benchmark interest rates for the first time in over four years, reducing rates by 25 basis points to 4.10% due to softening inflation, marking its first easing since November 2020. Despite progress on inflation, the RBA remains cautious about further easing and has been behind other major global central banks in starting an easing cycle, with the decision aligning with market expectations and government bonds rallying in anticipation of the cut. Unemployment near a historic low and uncertainties in economic activity and inflation pose challenges, with the Australian dollar strengthening and the ASX 200 index extending losses in response.
Full Article
Netflix fans urged to watch ‘brutal’ hidden gem post-apocalyptic thriller
Fans of Netflix have rediscovered the 2019 post-apocalyptic Russian thriller series "To The Lake," based on a novel by Yana Vagner, following survivors of a deadly pandemic in Moscow. The gritty show, compared to The Walking Dead and 28 Days Later, has garnered praise for its bleak portrayal of society during a pandemic. With a rare 100% 'fresh' score on Rotten Tomatoes, the series returned for a second season in 2022, continuing the story of...
Read more