Why the RBA is predicted to deliver a third straight interest rate hike this week
While interest rate rises canât affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bankâs best â and only â tool to fight inflationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastOne economist is calling it the âHormuz hikeâ.Thereâs a nearly 80% chance that the Reserve Bank will deliver a third straight interest rate rise on Tuesday, according to financial markets.Patrick Commins is Guardian Australiaâs economics editor Continue reading...
theguardian.com