From the Daily Os. I'm Sam Kazlowski.
I'm belief it Simon the twenty.
Fourth of July. Here's what's making headlines this evening.
The Governor of the Reserve Bank of Australia says she is cautious about cutting interest rates without more evidence inflation has stabilized. While inflation is within the target range of two to three percent, currently sitting at two point four percent, Michelle Bullock is not guaranteeing that RBA will cut rates when it meets next month. Speaking in Sydney today, Governor Bullock said that RBA wants to make sure that inflation
remains low and stable from here on in. Bullock noted a measured and gradual approach to monetary policy easing is appropriate. The Central Bank's decision not to lower rates earlier this month came as some surprise, going against the predictions of many economists.
The government has introduced legislation to freeze taxes on draft beer. Under current processes, locally made and imported beer are subject to increase duties twice a year. This bi annual levy, known as the beer Excize, is adjusted in line with inflation and generally paid for by manufacturers and importers. However, these costs are often passed onto the consumers. Labour promised to pause the excis for two years to reduce the cost for venues and customers if it was re elected
in May. In the lead up to the election, Prime Minister Anthony Alberanezi said freezing the excise on draft beer is a common sense measure that's good for beer drinkers, good for brewers and good for pubs. The proposal was introduced in the Lower House today.
Several people have been injured and two civilians are dead as violent clashes continue to escalate at Thailand's border with Cambodia. Tensions have intensified in recent months over a long standing land dispute, with both countries increasing their military presence at the border. At least two ties civilians were reportedly killed by cross border shelling this week, prompting the evacuation of
thousands of Thai citizens from border villagers. Thailand's embassy has told its citizens to leave Cambodia immediately, while both nations have now recalled their ambassadors. According to Cambodian media reports, Thai forces have bombarded to local provinces. Each country is accusing the other of unprovoked.
Attacks, and some good news for your Thursday. Archaeologists have located the wreckage of a missing eighty three year old Japanese warship, The one hundred and thirty four meter destroyer known as the Taruzuki, sank off the Solomon Islands during World War II. The exact site of the wreckage was unknown. However, a joint research collaboration between several institutions, including the University
of New Hampshire and Kyodo University, has now found it. Tirezuki, which translates to Shining Moon, is resting nearly eight hundred meters below the surface. That's according to the fire from a recent research exploration trip. Officials say the ship is
in excellent condition considering its age. Marine archaeologist Phil Hartemeier was involved in the discovery, and he said only by exploring our planet's unknown waters can these significant stories of sacrifice and human connection to our ocean be brought to light.
That's the latest from the Daily Oz newsroom. If you're looking for something else to listen to, check out today's deep dive on the latest on the AID killings in Gaza.
We'll be back tomorrow with another deep dive, but until then, enjoy your evening.
My name is Lily Maddon and I'm a proud Arunda Bunjelung Caalguttin woman from Gadigol 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 Rate island and nations. We pay our respects to the first peoples of these countries, both past and present.