The Reserve Bank of Australia maintained its benchmark policy rate at 4.1% despite lower-than-expected inflation, aiming for sustainable progress towards the target range of 2%-3%. RBA expressed caution due to global uncertainties like U.S. tariff announcements and emphasized the need for a gradual approach to monetary policy to achieve inflation targets. Australia’s GDP grew at 1.3% year on year in Q4 2024, with RBA Governor Michelle Bullock stressing the importance of sustained inflation within the target range.
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How Denmark wants to make the EU both safer and richer
Denmark's EU presidency begins with a focus on enhancing security and economic competitiveness, as Minister Marie Bjerre emphasizes the need for a stronger defense and streamlined regulations for businesses. Meanwhile, protests against Serbian President Vučić's government escalate, with demands for early elections amid growing tensions and violence following a tragic train station collapse. Explain It To Me Like I'm 5: SummaryDenmark has begun its six-month EU presidency, focusing on improving Europe's security and economic competitiveness,...
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