The RBA is almost certain to lift interest rates. That’s the outlook from data seen by the Guardian . Fuel prices keep going up . The cause: rising regional conflict . The threat: a major oil supply shock . The problem spot: the Strait of Hormuz . Trade experts say the route carries roughly a fifth of global crude. Local economists now warn household budgets face a severe hit . Regional reports flag that fuel rationing could snarl drivers if delivery snags turn critical . Meanwhile, the local dollar stayed close to steady during trading.
Sources & References
-
RBA now twice as likely to hike interest rate as US-Iran war drives fuel prices higher - The Guardian
RBA now twice as likely to hike interest rate as US-Iran war drives fuel prices higher The Guardian
-
The Australian Dollar goes nowhere with conviction - FXStreet
The Australian Dollar goes nowhere with conviction FXStreet
-
Banks' credit card retreat is creating new challengers - Capital Brief
Banks' credit card retreat is creating new challengers Capital Brief
-
Australia faces worst decade for living standards since World War I - AFR
Australia faces worst decade for living standards since World War I AFR
-
Morning Mail: Queensland buries DV report, rate hike fears grow, Zendaya's cultural 'hijack' - inkl
Morning Mail: Queensland buries DV report, rate hike fears grow, Zendaya's cultural 'hijack' inkl