The Reserve Bank of Australia unanimously kept interest rates steady after a divided board meeting, noting inflation risks from the Middle East conflict and a surge in Brent crude futures to $92 per b
Australian fuel prices hit a seven-month high after a US-Iran truce collapsed, disrupting oil shipments through the Strait of Hormuz. The Reserve Bank of Australia warned that these rising costs pose
Reserve Bank of Australia Governor Michele Bullock noted that oil price increases continue to drive inflation despite policy tightening. With consumer inflation at 4.2%, markets anticipate potential f
The Reserve Bank of Australia raised its cash rate to 4.35%, citing persistent inflation driven by a global oil shock and rising fuel costs, with expectations for inflation to peak near 5%.
The Reserve Bank of Australia raised inflation forecasts to nearly 5% and downgraded growth outlooks due to a global energy shock from the Gulf. Policymakers anticipate higher interest rates and poten
The Reserve Bank of Australia raised its key interest rate to 4.35%, citing stubborn inflation exacerbated by soaring energy prices due to the US-Iran conflict. This aggressive tightening distinguishe
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