Trade Truce, Tech Triumphs & Oil Drama: Global Business Bombshells (Aug 11–12, 2025)
Australia Slashes Rates: The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points to 3.6% on Tuesday – its third cut this year – citing cooling inflation and a dip in economic momentum reuters.com reuters.com. Governor Michele Bullock signaled that further easing may be on the horizon, saying forecasts imply rates “might need to be a bit lower… to keep inflation low and stable and employment growing” amid lingering uncertainties reuters.com. The Australian dollar slipped about 0.2% on the move, and major Aussie banks swiftly passed on the cut to borrowers by lowering home loan rates reuters.com.