RBA Holds Rate at 4.35% as Economy Slows and Unemployment Rises

The Reserve Bank of Australia has kept the official cash rate at 4.35% as the economy slows and unemployment rises. Mortgage holders face ongoing strain. Other news: Grill’d sued for greenwashing, Sydney records warmest June days, and Dutch children's hap

BoJ Hikes Rates to 1%, Highest Since 1995

The Bank of Japan raised its short-term policy rate to 1%, a 31-year high, to combat inflationary pressures from the Iran war, while US and UK central banks are expected to hold rates.

Naked Cycling Rental Bikes: Hygiene Debate

World Naked Bike Ride in London sparks hygiene debate as half of 1,000 nude cyclists used rental bikes. Experts say infection risk is low but urge riders to bring their own bikes.

RBA Holds Rates, Warns Inflation Still Too High

The Reserve Bank of Australia held the cash rate at 4.35%, ending a run of three hikes. Governor Michele Bullock warns inflation remains too high, with geopolitical risks adding uncertainty.

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