The RBA is poised for a hike soon interest rates. That’s the outlook from data seen by the Guardian . Fuel prices keep climbing steadily . The cause: escalating US-Iran standoff. The threat: a disruption in key shipping lanes . The problem spot: the Strait of Hormuz . Trade experts say the route carries as much as 20 % of global crude. Local economists now warn household budgets face a historic squeeze . Other outlets flag that fuel rationing could snarl drivers if delivery snags drag on. Meanwhile, the Aussie currency stayed largely flat during trading.
Sources & References
-
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
-
The Australian Dollar goes nowhere with conviction - FXStreet
The Australian Dollar goes nowhere with conviction FXStreet
-
Banks' credit card retreat is creating new challengers - Capital Brief
Banks' credit card retreat is creating new challengers Capital Brief
-
Australia faces worst decade for living standards since World War I - AFR
Australia faces worst decade for living standards since World War I AFR
-
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