ABC News – Australia
·australia
·1 hour ago
'We still have no idea': RBA warns of harsh Iran war reality
Australia's Reserve Bank raised interest rates 25 basis points Thursday amid surging inflation sparked by the Iran war and Strait of Hormuz closure. Governor Michele Bullock warned headline inflation jumped to 4.6 percent, saying "we still have no idea" when the conflict ends. The RBA faces mounting pressure as oil price spikes compound existing supply-side inflation beyond its control.
Summary by Glance · ABC News – Australia
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI