The RBA is now likely to raise interest rates. That’s the outlook from figures tracked by local experts. Fuel prices keep climbing steadily . The cause: escalating US-Iran standoff. The threat: a closure in a critical crude route. The problem spot: the Gulf's narrow passage. Trade experts say the route carries roughly a fifth of global crude. Local economists now warn household budgets face a historic squeeze . Local papers flag that petrol limits could snarl drivers if delivery snags worsen . Meanwhile, the AUD stayed close to steady during trading.
Sources & References
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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
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The Australian Dollar goes nowhere with conviction - FXStreet
The Australian Dollar goes nowhere with conviction FXStreet
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Banks' credit card retreat is creating new challengers - Capital Brief
Banks' credit card retreat is creating new challengers Capital Brief
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Australia faces worst decade for living standards since World War I - AFR
Australia faces worst decade for living standards since World War I AFR
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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