Brisbane Times
·general
·1 hour ago
RBA raises rates as Trump's Iran conflict drives oil prices higher
Australia's Reserve Bank raised interest rates Tuesday, driven largely by Trump's Iran conflict pushing oil prices higher. The RBA now models three economic scenarios, none rosy, with outcomes ranging from modest slowdown to sixty billion dollar hit and 120,000 job losses if oil reaches $145 per barrel. Governor Michele Bullock suggested rates would have held steady absent.
Summary by Glance · Brisbane Times
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