Reserve Bank of Australia Governor Bullock: We must remain vigilant to the risk of high inflation.

Gaza Border Authority spokesman: Rafah border closed due to the presence of Israeli tanks.

UBS (UBS.N) had total revenue of $12.74 billion in the first quarter, compared with market expectations of $11.86 billion, and net profit of $1.76 billion in the first quarter, compared with market expectations of $598 million.

Market News: Türkiye halts Bosphorus shipping due to stranded ship.

Qatar said a delegation would travel to Cairo on Tuesday for ceasefire talks.

Market news: Hamas said the flow of people and aid at the Rafah crossing has stopped.

UK Maritime Trade Operations Office: The captain of a merchant ship reported two explosions near the merchant ship 82 nautical miles south of Aden, Yemen. The captain reported that the vessel and all crew members are safe.

Reserve Bank of Australia: GDP growth is forecast to be 1.6% in December 2024, 2.3% in December 2025 and 2.4% in June 2026.

Reserve Bank of Australia: The unemployment rate is forecast to be 4.2% in December 2024, 4.3% in December 2025 and 4.3% in June 2026

Reserve Bank of Australia: CPI is predicted to be 3.8% in June 2024, 3.8% in December, 3.2% in June 2025, 2.8% in December 2025, and 2.6% in June 2026.

RBA: The core forecast is that, assuming the cash rate follows market expectations, inflation will return to the 2% to 3% target range in the second half of 2025 and to the mid-point of the range in 2026.

RBA: Domestic inflation risks are proving to be more thorny than expected even if interest rates remain stable.

Reserve Bank of Australia: Will remain vigilant to upside risks to inflation.

RBA: The interest rate path that best ensures inflation returns to target remains uncertain.

RBA: The process of returning inflation to target is unlikely to be smooth.

RBA: Data shows continued excess demand.

RBA: Wage growth is above sustainable levels given productivity levels.

RBA: Inflation is falling more slowly than expected.

Reserve Bank of Australia: It will take some time for inflation to fall back to the target range sustainably.