Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday
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Inflation jumped to 4.6% in the year to March, from 3.7% the month before, in what experts say is the start of an Iran war-linked fuel shock that will ripple through the economy over coming months.
Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday, as officials struggle to manage the “nightmare scenario” of containing inflation even as growth is expected to slow sharply.
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Source link : https://www.theguardian.com/business/2026/apr/29/inflation-increase-australia-rba-reserve-bank-interest-rates-fuel-iran
Author : Patrick Commins Economics editor
Publish date : 2026-04-29 01:32:00
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