The RBA is now likely to raise interest rates. That’s the outlook from figures tracked by local experts. Fuel prices keep going up . The cause: escalating US-Iran standoff. The threat: a closure in a critical crude route. The problem spot: this key oil chokepoint . Trade experts say the route carries roughly a fifth of global crude. Local economists now warn household budgets face a historic squeeze . Regional reports flag that gas restrictions could snarl drivers if delivery snags turn critical . Meanwhile, the AUD stayed unmoved 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