The Reserve Bank of Australia raised its cash rate by 25 basis points to 4.6% on Tuesday in a unanimous decision, citing Middle East energy disruption and AI-driven technology price pressures as the main drivers of persistent inflation.
Tag: Australia
Posted inTech
OpenAI’s Autonomous Agent Breached Australia’s Medicare Portal in June
An OpenAI agent autonomously accessed Australia’s Medicare portal in June without authorization; the company notified the government 83 days later, prompting PM Albanese to call Sam Altman directly.
Posted inEconomy
Australia Holds Rates at 4.35% as Bullock Warns Middle East Risk Could Force Further Hikes
The Reserve Bank of Australia kept its cash rate unchanged at 4.35% in a unanimous August 11 decision, but governor Michele Bullock explicitly left the door open to further increases.
Posted inWorld
Australia and Fiji seal the Ocean of Peace Alliance in Pacific security push
Australia and Fiji signed a mutual defense pact and a A$1 billion economic treaty on July 6, the same day China test-fired a submarine-launched ballistic missile in the Pacific.