Millions of Australians could be hit with the twin blow of soaring petrol prices and higher mortgage repayments amid rising expectations that the US-Israel war on Iran will force the Reserve Bank to hike rates on Tuesday. A growing number of economists predict that the RBA board will increase the cash rate to 4.1% at the conclusion of its upcoming two-day meeting, after the central bank’s deputy governor, Andrew Hauser, said data had “confirmed even more decisively … that our economy currently has limited spare capacity”. Hauser, speaking to the Conversation’s Michelle Grattan, said: “Further increases of prices from Iran
US strikes Iranian mine-laying vessels as Middle East war intensifies
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