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: rising regional conflict . The threat: a disruption in key shipping lanes . The problem spot: the Strait of Hormuz . Trade experts say the route carries roughly a fifth of global crude. Local economists now warn household budgets face steep losses. Local papers flag that fuel rationing could snarl drivers if delivery snags drag on. Meanwhile, the local dollar 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