rba today. we are from rba today. of cash rate cuts "quid? 77777 7 quick succession. have really iii dultfieuiteeeifi” gel??? 77 really differing iii dultfieuiteieififi7gehe§e7 really differing on we7 7 we have 7 we have the 7 national australia bank predicting many as five cash predicting as many as five cash rate cuts the way through rate cuts all the way through the first quarter of next to the first quarter of next year, anz economists e7xp7e7cting just two and i are expecting just two and i think when look at it on balance and when you look at what the rba had to say today, 77thinkit7 think it might be thinkitmightbe 7to than five because have been australians have been incredibly in the incredibly resilient in the face of cash rate hikes. we have in the for have money in the bank. for at a record high, in home loan offset money in home loan offset account also at record —: = -: it is incredibly low, 7 and it is incredibly low, the cash rate and it is incredibly low, we e cash rate and it is incredibly low, we haveh r

the rba. u.s. and russian officials are meeting in saudi arabia today to discuss ways to end the war in ukraine. without any representatives from kyiv. the talks come after a phone call last week between presidents trump and putin. president macron hosted leaders in paris to discuss that you defense capacity as well as the war. the leaders did find some common ground. >> there was agreement and unanimity that an increase in defense spending is necessary and there is no need to get irritated if an american ally says spend more. his words are definitely justified by fact -- those words are definitely justified by fax. tom: greg has been following this with a focus on talks in saudi arabia today. what can we expect from the conversations between russian and u.s. officials in riyadh? >> first of all, this is a lot about establishing communication, a major policy reversal from the biden restoration which sought to isolate russia and issued a high with them. there was little communication between th

stood up it's in striking distance of our target band, which is 2% to 3%, and that was enough for the rba i think what is weighing on their mind in particular is just how tough it has been for variable borrowers across the country. points of tightening, and unlike many other countries around the world, the majority of australians let's get some of the day's other news now. meta, facebook�*s parent company, says it plans to build a risk to global economic growth. the australian company reported an 8% decline in revenue as a result of lower prices for commodities. acted in good faith. it could be a hoax. still to come... around the world and across the uk, this is bbc news. you are with business today. musk has described it as "scary smart". according to xai it represents a major step forward, improving reasoning, computational power and adaptability. they have been developing it over the last year powerful than its predecessor in terms of getting, shall we say, a more objective it is quite early to say. for quite some time. back in 2015, he was one of the co—founders of open ai, lawsuits a

the rba cut borrowing costs by 25 basis points to 4.1%, but signaled it remains cautious on further policy easing. let's get a check on european trade. we have turned slightly weaker in the last 20 minutes or so. the stoxx 600 now trading just below the flat line we had opened higher this morning. the level for that main benchmark about 5.55. breaking it down by region. here's the split. this morning we are looking at a bit of red on the board for the cac40 in france, as well as the xetra dax down 3/10 of a percent and 2/10 respectively. footsie in italy holding on to the early gains, up about 3/10 of a percent as investors continue to eye the geopolitical world. with developments happening very rapidly around what happens next with ukraine. now from a sector perspective in europe, here's what we're looking at this morning. you've got banks out in front up about 8/10 of a percent or three quarters of a percent. rather industrials up 4/10. media and basic resources. on the downside, the laggards in europe we've got technology down 8/10 of a percent. this is despite a further rally in asian

the rba said the outlook — inflation outlook. the rba said the outlook does _ inflation outlook.aid the outlook does remain - the outlook does remain uncertain, so what does that mean for anthony albanese? an election has to be called by may of this year. he election has to be called by may of this year.— may of this year. he will be delighted- _ may of this year. he will be delighted. the _ may of this year. he will be delighted. the government may of this year. he will be - delighted. the government has a show of the cost of living, financial stress is the biggest issue facing voters, so some relief on inflation coming down and a bit of interest rate relief will be a bit of a boost to people. and i wouldn't be surprised, the election has to be called by mid—may and i wouldn't be surprised if the prime minister because it pretty quickly. prime minister because it pretty quickly-— prime minister because it pretty quickly. prime minister because it re cuickl . ., , pretty quickly. ok, thanks very much for that, _ pretty quickly. ok, thanks very much for that, peter _ pretty quickl