ABC News Australia
International · 2 hrs ago
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'We still have no idea': RBA warns of harsh Iran war reality
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The Reserve Bank of Australia warns that ongoing tensions with Iran and resulting oil price volatility are exacerbating Australia's inflation problem, with the RBA governor noting economic uncertainty and declining purchasing power.
'We still have no idea': RBA warns of harsh Iran war reality
Australia had an inflation problem before the Iran war, but it's turned sinister. We've become hostage to oil prices, and as the governor of the Reserve Bank puts it: "We are all feeling poorer".
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