Australia

RBA Cuts Interest Rate to 3.60% as Inflation Continues to Ease
The Reserve Bank of Australia (RBA) decided in its August meeting on Tuesday morning to cut the benchmark interest rate by 25 basis points to 3.60%,

in line with market expectations.

In its monetary policy statement, the bank noted that inflation continues to decline toward its target range,

with annual core inflation at 2.7% and headline inflation at 2.1%, supported by temporary measures to ease living costs.

It also pointed out that unemployment has risen slightly but remains low, with the economy expected to grow over the coming year.

The RBA stated that higher interest rates have helped narrow the gap between supply and demand,

and it expects inflation to continue moving toward the mid-point of the target range (2–3%) while pursuing a gradual monetary easing path.

Although global trade policies have become relatively clearer following the setting of U.S. tariff ranges and measures by other countries,

the bank noted that uncertainty in the global economy remains high, with the potential for trade developments to impact global economic activity.

Trump

Trump Extends Tariff Truce with China by 90 Days
U.S. President Donald Trump announced on Tuesday morning via his “Truth Social” platform

that he had signed an executive order extending the tariff truce with China for an additional 90 days,

confirming that all previous agreement terms would remain unchanged.

The deadline had been set to expire at midnight Tuesday Eastern Time,

which would have triggered an increase in U.S. tariffs on Chinese imports to 145%,

alongside a rise in Chinese tariffs on U.S. imports to 125%.

However, the emergency extension kept current tariff levels in place—30% on the U.S. side and 10% on the Chinese side—until at least November 10.

United Kingdom

U.K. Labor Market Weakens Despite Wage Growth
Data from the U.K.’s Office for National Statistics showed continued labor market weakness,

with the number of employees on company payrolls falling for the sixth consecutive month.

Employment dropped by 8,000 in July compared to June, alongside a decline in job vacancies.

Nevertheless, underlying wage growth in the private sector excluding bonuses remained strong at 4.8% in the three months to June,

compared with 4.9% in the previous period.

The unemployment rate held steady at 4.7%, the highest level in four years.

These figures reflect the cautious stance of the Bank of England on cutting interest rates, with policy

Key Economic Decisions from Australia the U.S. and the U.K.

Key Economic Decisions from Australia the U.S. and the U.K.

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