of relief on interest rates remains a distant one. gross domestic product rose by 0.1% in the first quarter, which is just below market forecasts. annual growth dropped to 1.1%, from 1.5% the previous quarter and the slowest pace in three decades outside of the pandemic. let s go live to canberra for analysis cherelle murphy, ey 0ceania s chief economist. good to have you on the programme, what is happening in australia? hi. programme, what is happening in australia? . ., , , australia? hi, certainly very slow growth australia? hi, certainly very slow growth here australia? hi, certainly very slow growth here in - australia? hi, certainly very l slow growth here in australia. as you say, just really not much above zero in the march quarter. we expected that, of course, the reserve bank of australia has been trying to slow down the economy for the best part of two years now and certainly that is having an impact on consumption. there was maybe a slight surprise in these numbers, t
reserve bank is likely to hold on to the current cash rate of 4.35% for some time yet, perhaps even through to next year. perhaps even through to next ear. . ~ perhaps even through to next ear. ., ~ , ., year. 0k, cherelle, thank you for our year. 0k, cherelle, thank you for your analysis, year. 0k, cherelle, thank you for your analysis, cherelle - for your analysis, cherelle murphy there. this week is museum week, a unesco backed annual event with the goal of promoting museums and cultural institutions around the world. here in the uk, national museums and galleries don t charge for admission to their permanent collections, but with so many institutions now struggling financially can museums remain free to enter? live now to robin cantrill fenwick, chief executive baker richards, specialists in helping subsidised and not for profit cultural organisations to generate more of their own income. good to talk to you, that is something we are very proud of in the uk, some of the most inc