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Trump vows US crypto leadership as China gains ground in Bitcoin
China’s growing role in the cryptocurrency sector has drawn attention from U.S. President Donald Trump. During a recent interview, Trump warned that China is expanding fast in Bitcoin and other digital assets. He said the United States must stay ahead in this area to protect its leadership in technology and finance. His remarks come as the global crypto race intensifies between top economies. President Donald Trump has expressed concern over China’s growing role in the crypto space. He said, “China is getting very big into Bitcoin and crypto right now.” Trump made these comments in an interview at Mar-a-Lago, ... (full story)
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From rba.gov.au|Nov 3, 2025|3 commentsInflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and potential supply closer towards balance. More recently, however, inflation has picked up. Trimmed mean inflation was 1.0 per cent in the September quarter and 3.0 per cent over the year, up from 2.7 per cent over the year in the June quarter. This was materially higher than expected at the time of the August Statement on Monetary Policy. Headline inflation rose sharply to 3.2 per cent over the year in the September quarter, a large part of which was expected given the cessation of electricity rebates in a number of states. The Board’s judgement is that some of the increase in underlying inflation in the September quarter was due to temporary factors. The central forecast in the November Statement on Monetary Policy, which is based on a technical assumption of one more rate cut in 2026, has underlying inflation rising above 3 per cent in coming quarters before settling at 2.6 per cent in 2027. RBA: Central forecast November statement anticipates underlying inflation rising above 3 per cent in coming quarters before settling at 2.6 per cent in 2027. RBA: Various indicators suggest that labor market conditions remain tight Australian GDP expected to remain near 2% annually over the next three years, says RBA.
