The Reserve Bank of Australia finally announced the blockbuster news,
Official cash rate
Remain the same!
Some time ago, the discussion on the official interest rate in Australia has entered a white-hot stage. Some people believe that if the inflation rate rises, the Reserve Bank of Australia will inevitably raise interest rates, and some people think that the rebound in inflation is not exaggerated, and in order to ensure the economy, the Reserve Bank of Australia may also maintain stability!
Now the results are finally in!
Protecting the economy is more important!
After a flash decline, the Australian dollar exchange rate began to recover again.
Now Australia is facing two major problems, the first is the stock market crash that caused the exchange rate to plummet yesterday, which has a great impact on the Australian economy.
The other issue concerns everyone.
Over the past 10 years,
Australia raised the level of terrorist attack for the first time!
The government issued a warning,
The probability of a terrorist attack in Australia within 1 year
That's at least 50%!
Now, Australia's economy is not only sluggish, but social security is also under greater threat...
The Reserve Bank of Australia officially announced
The impact of the crash continues
Because Australia's inflation rate is still rebounding, everyone has different opinions on whether the RBA will raise interest rates.
This vacillation, coupled with concerns that the United States economy is cooling too quickly,
Directly triggered a stock market crash in Australia!
Friends who pay attention to the Australian stock market may find that Australia experienced Black Monday yesterday, and there are still hours before the close.
The ASX 200 has plummeted by almost 3%,
That's $77 billion evaporated from the market!
The root cause is a United States report:
The United States Labor Department reported on Friday that United States employers added only 114,000 jobs in July, 35% less than expected, and the unemployment rate now stands at 4.3%, the highest since October 2021.
The sharp decline in the United States job market has shaken global financial markets. The Dow Jones Industrial Average fell 610 points, or 1.5%. The S&P 500 fell 1.8%.
Affected, Australia directly experienced a shocking stock market crash yesterday, and the threat of this stock market crash also spread to the exchange rate.
Yesterday, the lowest value of the Australian dollar exchange rate against the yuan has come to 1:4.5513, and the last time there was such a low exchange rate was in October last year...
One can imagine how exaggerated the exchange rate of the Australian dollar fell against the yuan yesterday.
It is also the lowest point in the past year!
However, this decline is only temporary, and the exchange rate of the Australian dollar against the yuan began to rise in a straight line from the opening of the market today.
At noon, the Australian dollar is exchanged against the Chinese yuan
It has risen back to 1:4.657!
After the Reserve Bank of Australia announced that the cash rate would remain unchanged, the exchange rate of the Australian dollar against the yuan did not fluctuate much, after all, there was no interest rate hike or interest rate cut.
But strictly speaking, the Australian dollar exchange rate against the RMB still fell slightly, because the Australian inflation rate did rise, but the Reserve Bank of Australia did not choose to raise interest rates, and the Australian dollar exchange rate will still be more or less affected.
Obviously, in the face of Australia's sluggish economy, the Reserve Bank of Australia will not rashly make the decision to raise interest rates.
The level of terrorist attacks has been raised
For the first time in 10 years
The next 1 year is dangerous
Australia's problem now is not just the sluggish economy.
The bigger threat is social security!
The latest news states that
For the first time in 10 years,
Australia has raised the level of terrorist attacks!
Just recently, the Australia Security Intelligence Agency (ASIO) officially issued a warning to the government:
Due to the more volatile security environment,
The threat of terrorism must be raised!
This is also the first time in 10 years that Australia will be hit by a terrorist attack
From possible to very likely!
What many people may not know is that in the past four months, Australia has suffered eight attacks or vandalisms involving terrorism allegations or being investigated as potential terrorist acts.
Especially after the attack on the church in Sydney, the police directly tracked down a terrorist organization, many of which were teenagers...
According to the analysis of the current situation,
The possibility of a terrorist attack on Australia in the next year,
Soared by more than 50%!
At the same time, the Australia Security Intelligence Agency warns that social media and networks are spreading extreme information,
will only make Australia encounter potential threats,
Further exacerbation!
This has also been confirmed by the fact that the terrorist organizations that have been dismantled before are recruiting members through social media and constantly spreading terrorist information.
And now Australia's economic malaise and the pressure of life have increased dramatically, which has stimulated people's extreme emotions.
Based on various factors, the Australian authorities finally decided to raise the safety hazard level.
Especially in the next year, there is a great possibility of a terrorist attack on Australia.
On the one hand, there is economic malaise, and on the other hand, there are security threats, and it can only be said that there are too many problems facing Australia now.
If you want to really solve these problems, it may only be possible to wait until inflation is under control, the Reserve Bank of Australia can continue to cut interest rates, and the pressure on people's lives will be reduced when the economy recovers...
I just don't know when this day will come...