Australia lowers interest rates to 3.85%, second cut this year
Tuesday, 20 May 2025 () The Reserve Bank of Australia (RBA) has cut the cash rate to 3.85%, marking the second reduction this year amid declining inflation, now within the 2-3% target. This decision follows concerns about global economic uncertainty due to US tariffs, despite recent trade negotiation revivals between the US and China. While inflation stabilises, unemployment has slightly increased to 4.
The UK economy grew by 0.7% in the first three months of 2025, the fastest quarterly rise in a year, according to the ONS. Chancellor Rachel Reeves welcomed the boost, pointing to growth across..
Tuesday, 20 May 2025 ()
![Reeves content as UK economy grows at fastest rate in a year [Video]](https://video.newsserve.net/300/v/20250515/1410853584-Reeves-content-as-UK-economy-grows-at-fastest.jpg)
