Page content
Reserve Bank explains WHY it is poised to keep hiking interest rates - even as high petrol prices make Aussies poorer than ever
The Iran war could push up the 'neutral' interest rate level, requiring even more rate rises to get inflation under control, a Reserve Bank official says. As the conflict in the Middle East sent oil prices and economic uncertainty sky-high, the RBA must keep a lid on inflation expectations, assistant governor Christopher Kent said in an address on Thursday. [...]