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Breaking News: Australia News Live Updates
Australia’s High Commissioner to the UK Lambasts Trump’s Democracy; Commonwealth Bank Warns Against Rate Cut
[timestamp] – Australia’s former Prime Minister John Howard has slammed US President Donald Trump, saying he is "not compatible with democracy".
In an interview with The Guardian, Howard, a two-time prime minister from 1996 to 2007, expressed concern over Trump’s behavior and its impact on global governance.
"I think it’s a very, very great concern that the leader of the most powerful country in the world is not… is not compatible with the values of democracy," Howard said.
Meanwhile, in economic news, Commonwealth Bank has pushed back against rate cut forecasts, warning of potential risks to the financial system.
The bank’s chief economist, Michael Wright, said in a note to clients that while lower interest rates might stimulate growth, they could also undermine the banking system’s resilience.
"Lower interest rates could lead to a erosion of bank profitability, making it more difficult for lenders to maintain their capital and liquidity buffers," Wright cautioned.
Breaking News – More Updates
- Trump’s latest tweets spark renewed concerns over his mental fitness for office
- RBA governor Philip Lowe delivers keynote speech on monetary policy, hints at rate hike
- Australian dollar continues to slide against the greenback, amid global uncertainty
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[World] – Australia news live: Howard says Trump ‘not compatible with democracy’; Commonwealth Bank pushes back rate cut forecast | Guardian
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