In a significant diplomatic move, Australian Prime Minister Anthony Albanese has voiced support for Palestinian statehood amid the ongoing Israel-Gaza conflict. The announcement comes as tensions in the Middle East continue to escalate, with no immediate resolution in sight.
Albanese's Stance on Palestine
During a press conference, Albanese emphasised the need for a two-state solution, stating that recognition of Palestine is crucial for lasting peace in the region. "Australia remains committed to a peaceful resolution that ensures security and dignity for both Israelis and Palestinians," he said.
RBA Holds Interest Rates Steady
Meanwhile, the Reserve Bank of Australia (RBA) has decided to keep interest rates unchanged at its latest meeting. Economists had been divided on whether the central bank would hike rates to combat inflation or hold steady due to slowing economic growth.
RBA Governor Michele Bullock cited "uncertainty in global markets" and "moderating domestic demand" as key factors in the decision. Analysts suggest this could signal a pause in the tightening cycle, providing relief to mortgage holders.
Gaza Conflict Continues
The humanitarian crisis in Gaza remains dire, with international aid agencies warning of catastrophic conditions. The Australian government has pledged additional humanitarian assistance, though critics argue more diplomatic pressure is needed to end the violence.
As the situation develops, all eyes remain on how Australia's foreign policy will evolve in this complex geopolitical landscape.
