From the Daily Os. I'm Emma, I'm Billy. It's Tuesday, the eighteenth of February. Here's what's making headlines this evening.
The Reserve Bank of Australia has lowered its cash rate for the first time since November twenty twenty. The RBA cut interest rates from four point three five percent to four point one percent. It comes after Australia's central banks started lifting interest rates in twenty twenty two to combat high inflation. In a statement today, the RBA Board said inflation has fallen substantially since the peak in twenty twenty two.
Treasure Jim Chalmers has confirmed the point twenty five percent interest rate cut will be passed on to borrowers of each of the big four banks, that's ain, Z, Combank, NAB and Westpac.
Australia's most notorious pedophile, priest Gered Ridsdale, has died in prison, aged ninety. The former Catholic priest was found guilty of child abuse in nineteen ninety three. The offenses related to seventy two individuals and took place in central and southwestern Victoria. Over several decades, church leaders received multiple complaints about Ridsdale's abuse who was moved across sixteen different parishes in the sixties,
seventies and eighties. During his more than thirty years behind bars, Ridsdale was sentenced eight more times for hundreds of historic child abuse charges, bringing his total sentence to forty years. Victoria police brought a further sixty two charges against him last year. It's understood the ninety year old died in the medical unit of Port Phillip Prison west of Melbourne.
At least eighteen people have been injured after a passenger plane flipped upside down at Toronto Airport. The Delta flight was carrying eighty people when it touched down in heavy wind and snow, lost control on the icy runway and overturned. A statement from Delta Airlines said initial reports indicate there are no fatalities and eighteen customers with injuries have been transported to hospital. Our primary focus is taking care of
those impacted. The Meteorological Service of Canada recorded minus eight degree temperatures and sixty kilometers per hour winds at Toronto peace In International Airport around the time of the incident. Delta said it has canceled flights to and from the airport for the rest of the day.
And today's good news. Archaeologists have discovered a two thousand year old basilica beneath a London office building. Researchers had suspected Roman ruins may lie beneath the Commercial CBD building, but it was unclear what condition they might be in. The building owners opened the site for the Museum of London to investigate, where they discovered quote massive foundations and walls over ten meters long. The museum estimates the basilica was built around eighty CE and would have served as
Roman London's political, judicial, commercial and social hub. It described the find as one of London's most significant discoveries in recent years. The team will now expand its exploration of the site to investigate the remains further.
That's the latest from the dally Os newsroom. If you're looking for something else to listen to, make sure you catch up on today's deep dive on what the latest polls tell us about the upcoming election in Australia.
We'll be back tomorrow morning with another deep dive, but until then, have a good one.
My name is Lily Maddon and I'm a proud Arunda Bunjelung Calkotin woman from Gadighl country. The Daily oz acknowledges that this podcast is recorded on the lands of the Gadighl people and pays respect to all Aboriginal and Torres Strait island and nations. We pay our respects to the first peoples of these countries, both past and present.