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Australia's central bank resumes rate hike after one-off pause in April

STORY: Australia's central bank resumes rate hike after one-off pause in April DATELINE: May 3, 2023 LENGTH: 00:01:00 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Reserve Bank of Australia 2. various of customers shopping at supermarkets 3. various of banks in Sydney STORYLINE: After keeping the interest rate on hold last month, the Reserve Bank of Australia (RBA) on Tuesday announced the decision to lift the cash rate target by 25 basis points to 3.85 percent, with the rate paid on Exchange Settlement balances also up by 25 basis points to 3.75 percent. It marks the 11th increase handed down by the central bank in the space of a year. The newly-updated interest rate also hit its highest level since it was cut to 3.75 percent in May 2012. After a board meeting, RBA Governor Philip Lowe said in a statement that inflation in Australia has passed its peak, but at 7 percent is still too high and it will be some time yet before it is back in the 2-3 percent target range. "Giv

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China's COVID-19 response secures great outcomes

STORY: China's COVID-19 response secures great outcomes DATELINE: Jan. 19, 2023 LENGTH: 0:02:44 LOCATION: Beijing CATEGORY: SOCIETY SHOTLIST: 1. various of China 2. SOUNDBITE 1 (English): NIGEL DIXON, British actor living in China's Wuhan 3. SOUNDBITE 2 (English): BILAL AHMAD, Public health scientist at Central Care Pakistan 4. SOUNDBITE 3 (Turkish): CANTURK ALAGOZ, CEO of Alagoz Holding Company, Türkiye STORYLINE: During the past three years, China launched a war against COVID-19, effectively handled more than 100 cluster outbreaks, and protected the lives and health of more than 1.4 billion people to the greatest extent. Some expats living in China say they have observed a government that has kept its words to protect its people. SOUNDBITE 1 (English): NIGEL DIXON, British actor living in China's Wuhan "When the outbreak first happened there was like a pledge from China, responsible for the people, that they will minimize the amount of elderly people who can be potentially affected and die from it. Giv

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