Speaker Mike Johnson, R-La.,

The Bank of England has lowered its main rate from a 16-year high of 5.25% by a quarter of a percentage on three occasions since last August, most recently in February,MELBOURNE, Australia (AP) — Australia’s central bank on Tuesday reduced its benchmark interest rate by a quarter percentage for a second time this year, to 3.85% after inflation fell within a target range.

The Reserve Bank of Australia reduced its cash rate from 4.1%. The reduction fromat its February board meeting was Australia’s first rate cut since October 2020.The rate cut was anticipated, although expectations had declined slightly after the

last week to cut back recent tariff hikes for 90 days, reviving stalled trade between the world two biggest economies.Bank Governor Michele Bullock said inflation had fallen to her board’s target band as “internal developments are expected to weigh on the economy.”

World trade policy was changing rapidly, subjecting central forecasts to “considerable uncertainty,” she said.

“Uncertainty in the world economy has increased over the past three months and volatility in financial markets rose sharply for a time. While recent announcements on tariffs have resulted in a rebound in financial market prices, there is still considerable uncertainty about the final scope of the tariffs and policy responses in other countries,” Bullock said in a statement.8 1/2 cups full-fat milk

2 tablespoons blanched sliced almondsIn a heavy-bottomed pot over medium heat, melt the ghee and heat it until it begins to shimmer. Add the cardamom pods and fry for about 30 seconds until fragrant. Add the seviyan and fry over medium heat for 2 to 3 minutes until browned slightly. Gradually pour in the milk and bring the pudding to a boil. Lower the heat to medium and stir in the sugar until it dissolves. Keep the milk at a gentle simmer and cook for 15 to 20 minutes, stirring continually, until the milk thickens but the seviyan still has some bite.

Transfer the seviyan to a serving bowl. Top with sliced almonds. Let it cool to room temperature before serving. To store, transfer to an airtight container, refrigerate, and use within 2 to 3 days.From “Pakistan,” a cookbook by Maryam Jillani.