Day: June 2, 2025
Reserve Bank vetoed a 50 basis point cut in cash rate last month, but is willing to take such action if global economy demands it
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The Reserve Bank of Australia is prepared to “respond decisively” to any deterioration in the global economy, paving the way for rapid-fire cash rate cuts if Donald Trump’s tariffs spark further market upheaval.
The 20 May RBA meeting minutes, released on Tuesday, show the rate-setting board discussed implementing a bumper 50 basis point cut last month. But they decided such a move was not yet warranted because there were no immediate signs the economy had been significantly affected by the US trade policy.
Murder accused also tells jury she was never diagnosed with ovarian cancer and had history of ‘consulting Dr Google’
Erin Patterson has told a court she wishes she never told her Facebook friends in a private group chat “this family I swear to fucking god” in relation to her in-laws, saying she felt ashamed but hoped that sharing her frustrations would mean she had a “big cheer squad” for her problems.
Patterson also told the jury in her triple murder trial that she was never diagnosed with ovarian cancer and had a history of “consulting Dr Google”, and hoped to bring her family back together despite a formal separation with her estranged husband Simon seven years earlier.