🇦🇺 Australia
Finance & Economy
RBA reportedly lifts cash rate to 4.85% on Nov. 3 (6-3 vote, single source)
One Australian outlet reported the RBA raised its cash rate 25bp from 4.60% to 4.85% on Nov. 3 in a 6-3 vote, with three members preferring a hold. It is the highest in 18 years, and the governor's remarks were read as dovish. Not yet confirmed against the RBA release.
Sources: savings.com.au
Tech & Energy
AUKUS cooperation on submarines, AI and quantum technology accelerates
Australia is putting billions of dollars more into expanding the Osborne shipyard, and the UK Ministry of Defence said in its ‘Defence Nuclear Enterprise 2026 annual report’ on 15 September that construction of SSN-AUKUS submarines (steel cutting) will begin at Barrow-in-Furness in 2027. AUKUS cooperation continues to widen beyond nuclear submarines to autonomous unmanned systems, AI, cyber, quantum and electronic warfare technologies.