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Foreign travel advice Indonesia
FCDO advises against all travel to parts of Indonesia.
Foreign travel advice Romania
Warnings and insurance Still current at: 24 April 2024 Updated: 23 April 2024 Latest update: Information related to drug offences and Romanian music festivals (under 'Laws and cultural differences' subheading on the 'Safety and security' page).
Foreign travel advice The Gambia
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Ferry services between Banjul and Barra have been suspended until further notice; The Islamic Summit of the OIC (Organisation of Islamic Cooperation) will be held in Banjul on 4-5 May; road closures and delays at Banjul International Airport ('Safety and security' page).
Foreign travel advice China
Warnings and insurance Still current at: 23 April 2024 Updated: 22 April 2024 Latest update: Updated information on flooding (‘Safety and security’ page).
Guidance Living in South Korea
Information for British citizens moving to or living in South Korea, including guidance on residency, healthcare, driving and more.
Australia Cuts Key Interest Rates
The Australian central bank slashed its key cash rate to a unprecedented low of 3% this past Tuesday.
The Australian central bank slashed its key cash rate to an unprecedented low of 3% this past Tuesday. The sixth cut in as many months comes in an effort to protect households from the diminishing economy and surging joblessness.
The Australian dollar remains secure for now, but bill futures have dropped as investors bargained for an ongoing ease from the Reserve bank in the face of further market cuts to 2.25%.
Rory Robertson, interest rate strategist at Macquarie, commented:
"This was a compromise between doing something now to respond tothe unexpected recession we're in and saving ammunition for the darker days that lie ahead."
Continuing, he added that "the RBA will be under pressure for a cut at every meeting for the next year as unemployment keeps rising. This isn't the end of the easing."