Michele Bullock says high inflation hurts everyone, but there still seems to be an extraordinary level of complacency about potential fallout from the US-Israel war on Iran
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The Reserve Bank has made some controversial calls over recent years, but hiking interest rates in the middle of a historic global energy shock is right up there.
If this Middle East conflict lasts for months, not weeks, and drags the world and our economy down, then Tuesday’s decision to increase households’ borrowing costs will not age well.
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Source link : https://www.theguardian.com/australia-news/2026/mar/17/the-rba-has-made-one-of-its-most-controversial-calls-in-recent-years-and-this-rate-rise-may-not-age-well
Author : Patrick Commins
Publish date : 2026-03-17 08:42:00
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