The Daily Aus Headlines: RBA Governor warns rate cut is not guaranteed
Jul 24, 2025
The Reserve Bank of Australia’s Governor warns that interest rates won’t drop without clear signs of stable inflation. In a surprising twist, the government introduces plans to freeze taxes on draught beer, benefiting both drinkers and local businesses. Meanwhile, tensions flare at the Thailand-Cambodia border due to land disputes, leading to clashes and casualties. On a brighter note, archaeologists have found a missing Japanese warship from WWII, sparking excitement in historical circles.
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RBA Cautious on Rate Cuts
- RBA Governor Michelle Bullock remains cautious about cutting interest rates despite inflation falling within target.
- She emphasizes the need for more evidence that inflation has stabilized before easing monetary policy.
Beer Tax Freeze Introduced
- The government introduced legislation to freeze taxes on draft beer, pausing biannual excise increases.
- This aims to reduce costs for venues and consumers as part of Labor's election promise.
Thailand-Cambodia Border Clashes
- Violent clashes at Thailand's border with Cambodia have escalated due to a long-standing land dispute.
- Both countries have increased military presence, recalled ambassadors, and accuse each other of unprovoked attacks.