World · Latin America · 1 hr ago

Albanese attends Commonwealth summit as Australian rate decision looms

Albanese attends Commonwealth summit as Australian rate decision looms

Anthony Albanese is attending a Commonwealth leaders’ summit in Antigua and Barbuda as a busy stretch of international meetings begins.

He says the gathering lets Australia work with partner countries on climate change, trade, oceans and artificial intelligence.

He plans to promote Australia’s campaign for a UN Security Council seat in 2029-30 and is due to meet leaders from the UK and Canada.

Those talks are also expected to cover fuel security and the rising number of British working holiday-makers in Australia.

Australia’s Reserve Bank will announce its next interest rate decision while Albanese is away, and markets expect a rise to 4.85 per cent.

It would be the fifth rate increase this year, adding pressure as households face high living costs.

Slavery and its continuing legacy are expected to prompt difficult debate at the summit, including calls from Caribbean nations for a British apology and reparations; Britain’s prime minister says he is open to an apology but opposes reparations.

The summit opens a series of overseas meetings for Albanese in the coming weeks.

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What people are saying

Anthony AlbaneseAustralian prime minister
The Commonwealth heads of government meeting is an important forum
via Guardian
Andy BurnhamUK prime minister
Listening to calls for a formal apology on behalf of the British state will form an important part of this process and I am open to them.
via Guardian
I want to express my sorrow and regret for the pain and suffering of so many millions of people, and to recognise the way it still shapes our world today
via Guardian
Shirley BotchweyCommonwealth secretary-general
I believe passionately in the Commonwealth's potential to benefit its members and their people today and in the future. And that full potential is still untapped.
via ABC Australia