Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday
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Inflation jumped to 4.6% in the year to March, from 3.7% the month before, in what the treasurer, Jim Chalmers, warned was the start of an Iran war-linked fuel shock that will ripple through the economy over coming months.
With consumer prices now growing at their fastest pace in two-and-a-half years, financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday as officials struggle to manage the nightmare scenario of containing inflation even as growth is expected to slow sharply.
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Source link : https://www.theguardian.com/business/2026/apr/29/inflation-increase-australia-rba-reserve-bank-interest-rates-fuel-iran
Author : Patrick Commins Economics editor
Publish date : 2026-04-29 02:32:00
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