Australia's Reserve: Global trade wars pose significant downward risks to the economy.

The Reserve Bank of Australia stated on Tuesday that inflation will decrease and unemployment will rise due to the impact of global trade tensions, even if the interest rate cut meets market expectations. In the quarterly monetary policy statement released on Tuesday, the Reserve Bank of Australia noted that the cooling of core inflation is slightly faster than expected, and the services sector is significantly slowing down. The central bank also warned that President Trump's tariff policies will drag down global economic growth and overall help lower Australia's inflation rate.