1 00:00:00,160 --> 00:00:02,080 Speaker 1: Right now, we're off to Australia and it's good morning 2 00:00:02,120 --> 00:00:02,880 Speaker 1: to dine on Tomoryow. 3 00:00:03,320 --> 00:00:04,280 Speaker 2: Good morning to you. 4 00:00:04,640 --> 00:00:07,720 Speaker 1: Will the Reserve Bank cut your interest rates today? Oh? 5 00:00:07,760 --> 00:00:10,640 Speaker 2: Wow? Is Australia about to enter a new economic era? 6 00:00:10,760 --> 00:00:14,600 Speaker 2: That's the question apparently, So economists are asking ahead of 7 00:00:14,680 --> 00:00:17,599 Speaker 2: today's Reserve Bank of Australia announcement on interest rates whether 8 00:00:17,600 --> 00:00:19,439 Speaker 2: this is going to happen? Is it going to cut 9 00:00:19,520 --> 00:00:22,680 Speaker 2: rates finally? Now, this of course would raise hopes amongst 10 00:00:22,920 --> 00:00:26,120 Speaker 2: mortgage holders. The official cash rate, how has it been 11 00:00:26,120 --> 00:00:29,920 Speaker 2: sitting at four point three five percent? That since November 12 00:00:29,960 --> 00:00:32,879 Speaker 2: twenty twenty three, So it's a long while we've been waiting. Now, 13 00:00:32,920 --> 00:00:36,280 Speaker 2: as you know, Australia's face a high inflation of late 14 00:00:36,760 --> 00:00:40,160 Speaker 2: rising living costs, and so the banks are predicting. In fact, 15 00:00:40,240 --> 00:00:42,319 Speaker 2: A and Z has come out and said there might 16 00:00:42,360 --> 00:00:45,360 Speaker 2: even be two cuts this year. CBA's got us even 17 00:00:45,360 --> 00:00:49,600 Speaker 2: more excited. Four cuts. Meanwhile, we've heard from an economics 18 00:00:49,640 --> 00:00:53,840 Speaker 2: professor and he suggested, well, this anticipated cycle of rate cuts, 19 00:00:53,840 --> 00:00:57,000 Speaker 2: well that could be interrupted by no other than the 20 00:00:57,040 --> 00:00:59,920 Speaker 2: Trump administration, because we know that they're still thinking of 21 00:01:00,080 --> 00:01:03,680 Speaker 2: out their tariffs and trade policies so that could actually 22 00:01:04,080 --> 00:01:06,240 Speaker 2: influence what happens for the rest of the year. 23 00:01:06,440 --> 00:01:09,360 Speaker 1: Yes, and there's a little bit of supply chain difficulty 24 00:01:09,400 --> 00:01:11,920 Speaker 1: with all sorts of stuff. I know, our food price 25 00:01:11,959 --> 00:01:15,600 Speaker 1: Index came out on Friday. It's gone up again, so 26 00:01:15,680 --> 00:01:18,559 Speaker 1: inflation hasn't been killed. It's the same for you guys 27 00:01:18,560 --> 00:01:21,560 Speaker 1: in Australia. By the way, New Zealand actually decides what 28 00:01:21,600 --> 00:01:26,080 Speaker 1: it's doing with its interest rates tomorrow. The OCA is tomorrow. Now. 29 00:01:27,240 --> 00:01:31,000 Speaker 1: How the Prime Minister influenced the naming of cyclones. 30 00:01:31,240 --> 00:01:34,440 Speaker 2: Well, I hope you find this as fascinating asiety because look, 31 00:01:35,560 --> 00:01:38,720 Speaker 2: in all seriousness though, tropical cyclones Zelia has just dissipated 32 00:01:38,760 --> 00:01:42,039 Speaker 2: and that was a powerful category five cyclone that hit 33 00:01:42,080 --> 00:01:44,400 Speaker 2: the coast of Western Australia. So there's been floods, there's 34 00:01:44,440 --> 00:01:46,760 Speaker 2: been high winds, lots of damage there. But in the 35 00:01:46,800 --> 00:01:48,960 Speaker 2: meantime the Bureau of Anerology has come out and said, oh, 36 00:01:49,160 --> 00:01:51,360 Speaker 2: actually the next cyclone, we're going to have to change 37 00:01:51,360 --> 00:01:54,920 Speaker 2: the name. So what it does to name cyclones is 38 00:01:54,960 --> 00:01:57,200 Speaker 2: it just has a list of names in alphabetical order 39 00:01:57,400 --> 00:01:59,720 Speaker 2: and it alternates by gender. The next name was due 40 00:01:59,760 --> 00:02:02,800 Speaker 2: to be Anthony cycle on Anthony. There's never to be 41 00:02:02,840 --> 00:02:06,320 Speaker 2: a cycle on Anthony because our PM is Anthony Albersi. 42 00:02:06,560 --> 00:02:08,359 Speaker 2: So instead they're going to jump to the next name, 43 00:02:08,560 --> 00:02:11,839 Speaker 2: which happens to be Alfred. The bureau says that when 44 00:02:11,840 --> 00:02:15,239 Speaker 2: the name matches a prominent person of the time, they 45 00:02:15,360 --> 00:02:18,120 Speaker 2: have to reorder the next name to avoid confusion. 46 00:02:18,680 --> 00:02:22,120 Speaker 1: Apparently, yes, I have to say, who wants to be 47 00:02:22,160 --> 00:02:25,120 Speaker 1: associated with the natural disaster, you know, especially where you're 48 00:02:25,240 --> 00:02:28,280 Speaker 1: suffering in the polls A whay Albanesi is. When I 49 00:02:28,360 --> 00:02:30,320 Speaker 1: came back from overseas, it was the same time that 50 00:02:30,400 --> 00:02:34,880 Speaker 1: Hurricane Andrew was happening in America, and so people actually 51 00:02:34,919 --> 00:02:37,400 Speaker 1: got some headlines out from the paper and welcome me 52 00:02:37,440 --> 00:02:39,760 Speaker 1: at the airport, going Hurricane Andrew has arrived of it. 53 00:02:40,880 --> 00:02:44,720 Speaker 1: How lovely, Donna, thank you for your time today. For 54 00:02:44,840 --> 00:02:47,799 Speaker 1: more from Early Edition with Ryan Bridge, listen live to 55 00:02:47,919 --> 00:02:51,120 Speaker 1: News Talks it'd be from five am weekdays, or follow 56 00:02:51,160 --> 00:02:52,720 Speaker 1: the podcast on iHeartRadio.