Headlines: RBA keeps interest rates on hold at 4.1% - podcast episode cover

Headlines: RBA keeps interest rates on hold at 4.1%

Apr 01, 20254 min
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Episode description

Today's headlines include:

The Reserve Bank of Australia (RBA) has announced the cash rate will remain unchanged at 4.1%.

NSW Police have charged three people, including a teenager, after seizing several homemade machine guns, allegedly made using a 3D printer. 

The United Nations Emergency Relief Coordinator is calling for “justice and answers” after 15 first responders were killed by Israeli strikes in southern Gaza. 

And today’s good news: Authorities in the U.S. state of Illinois have returned 1,500 acres of land to an Indigenous tribe. 

Hosts: Emma Gillespie and Lucy Tassell
Producer: Emma Gillespie

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Transcript

Speaker 1

From the Daily Os. I'm Emma Gillespie, I'm Lucy Tassel. It's Tuesday, the first of April. Here's what's making headlines this evening.

Speaker 2

The Reserve Bank of Australia has announced the cash rate will remain unchanged at four point one percent. This is the rate the RBA charges banks for short term loans. The cash rate affects interest rates across the economy, including home loans, which is why changes to it are often referred to as interest rate changes. The RBA noted inflation is down quote substantially since the peak in twenty twenty two,

but it said the outlook remains uncertain. A statement following today's decision said the Board needs to be confident that progress will continue so that inflation returns to the midpoint of the target band that's two to three percent. The Central Bank also noted significant uncertainty about the outlook abroad, including the quote global impact of US tariffs.

Speaker 1

New South Wales police has charged three people, including a teenager, after seizing several homemade machine guns allegedly made using a three D printer. A sixteen year old boy and a forty five year old man were arrested in the state's Illawarra region on Monday as part of an ongoing weapons and drug supply investigation. Investigators claim they discovered several loaded guns, a three D printer, an extensive amount of firearm parts,

and thousands of rounds of various ammunition during searches. The older man has been charged with twenty offenses, while the teenager is facing sixteen chargers. All of their charges are related to organized crime and the supply and manufacture of firearms. A third man was arrested on the Gold Coast and he's expected to be extradited to face charges in New South Wales.

Speaker 2

The United Nations Emergency Relief Coordinator is calling for justice and answers after fifteen first responders were killed by Israeli strikes in southern Gaza. UN Humanitarian Affairs Chief Tom Fletcher said quote Israeli forces killed eight Palestinian medics, six civil defense first responders and a UN staff member in an attack last week. Fletcher said the clearly identified humanitarian workers

were assisting in Rafa when they came under fire. In a statement, Israeli forces said the group was quote advancing suspiciously toward IDF troops without headlights. Or emergency signals when it opened fire. Israel also claims a Hummas operative was killed during the strike. The UN said the targeting or endangering of emergency responders, journalists, or humanitarian workers is a flagrant and severe disregard of international law.

Speaker 1

And today's good news. Authorities in the US state of Illinois have returned fifteen hundred acres of land to an indigenous tribe. The park and spans around six hundred and seven hectares in an area west of Chicago. A US government treaty signed in eighteen twenty nine promised the land would be given back to its traditional owners, the Prairie Land Potawatomi Nation. However, the deal was never honored. This week, Illinois Governor J. B. Pritzker signed a law transferring the

Shabonah Lake State Recreation Area to the Potawatomi. The group said the decision reflects the power of quote collaboration, demonstrating that healing and reconciliation are possible.

Speaker 2

That's the latest from the Dallyio's newsroom. If you're looking for something else, listen to today's deep Dive, where we unpack the investigation into content breaches by Australia's biggest radio show.

Speaker 1

We'll be back tomorrow morning with another deep dive, but until then, have a great evening.

Speaker 2

My name is Lily Maddon and I'm a proud Arunda Bunjelung Calcotin woman from Gadigal Country. The Dally oz acknowledges that this podcast is recorded on the lands of the Gadigal people and pays respect to all Aboriginal and Torrestrate island and nations. We pay our respects to the first peoples of these countries, both past and present.

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