australian economy has been incredibly resilient. one difference though between here and the us, the us is a little bit further along than us, and rba, our central bank, generally is a lot more conservative and always looks to the us for guidance. what are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? the economic outlook at this point is looking at a real tdp growth about 2% with inflation sitting at about mid single digit level. with the rate currently most economists expect no rise today and potentially three cuts by the end of this calendar year. our inflation rate, the last report was actually a lot better or undershot our central bank s forecast and hopefully that will be on its way down in the next few prints. how resilient is the australian economy then expected to be? you sound very optimistic about it. what are the key areas of strength but also areas perhaps of vulnerability? the a
resilient, one difference between here and the us, the us is further along, and our central bank is more conservative and always looks at the us for guidance.- at the us for guidance. what are the key at the us for guidance. what are the key factors at the us for guidance. what are the key factors driving i at the us for guidance. what l are the key factors driving the current interest rate movements in australia and how do they impact the economic outlook for the year? impact the economic outlook for the ear? , ., . impact the economic outlook for the ear? ., the year? the economic outlook is lookin: the year? the economic outlook is looking at the year? the economic outlook is looking at 296 the year? the economic outlook is looking at 296 with the year? the economic outlook is looking at 296 with inflation i is looking at 2% with inflation looking at mid single digit level, with the rate currently, most economists expect no rice today and potentially three cuts
there is only one place to start this hour, and that is with buckingham palace has announced that the king is being treated for cancer. he will continue with state duties but will step back from public engagements during his treatment.during the kings recent hospital procedure for benign prostate enlargement, a separate issue of concern was noted. subsequent diagnostic tests have identified a form of cancer. our royal correspondent daniella ralph has the latest there was little sign yesterday of the announcement about to be made. the king was pictured on the sandringham estate in norfolk walking to church with queen camilla. it was thought to be recovering after a hospital stay. exactly a week ago today, the king left a private hospital in central london, where he had spent three nights being treated for an enlarged prostate, and we now know during his stay here cancer was discovered. in a statement, released at six o clock this evening, buckingham palace said. although open
hello and welcome to the programme. buckingham palace has announced that the king is being treated for cancer. he will continue with state duties but will step back from public engagements during his treatment. during the king s recent hospital procedure for benign prostate enlargement, a separate issue of concern was noted. subsequent diagnostic tests have identified a form of cancer. our royal correspondent daniella ralph has the latest there was little sign yesterday of the announcement about to be made. the king was pictured on his sandringham estate in norfolk walking to church with queen camilla. it was thought to be recovering after a hospital stay. exactly a week ago today, the king left a private hospital in central london, where he had spent three nights being treated for an enlarged prostate. we now know during his stay here cancer was discovered. in a statement, released at six o clock this evening, buckingham palace said. although open about his diagnosis, buckin
lower but to put that into context it was at zero in europe this time last year. and in the world s largest economy the us, the cost of borrowing is at 5% to 5.25%. but critics point out rising interest rates is a blunt tool that comes with its own set of dangers that can pose further risks to the economy. so what else can be done? well, central bankers are getting together today in portugal to chew over this challenge. joining me now isjennifer mckeown chief global economist at capital economics. good morning to you, jennifer. so it s a lovely location, portugal, you got christine lagarde there, andrew bailey, jerome powell among others, what do you think they will chew on? of course they re all increasing the cost of borrowering and in some places like the uk, so far it s having little effect. little effect. yeah, you re ri . ht. little effect. yeah, you re right. beautiful little effect. yeah, you re right. beautiful location, | little effect. yeah, you rel right. be