The Guardian Australia – News
·general
·1 hour ago
RBA raises rates, warns Middle East conflict makes Australians poorer
Reserve Bank of Australia Governor Michele Bullock said Australians are poorer due to global oil price shocks from Middle East conflict, forecasting higher prices and lower growth through 2026. The RBA raised rates Tuesday but signaled potential pause, with unemployment expected to remain steady in low fours.
Summary by Glance · The Guardian Australia – News
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