Why the RBA is predicted to deliver a third straight interest rate hike this week
by Patrick Commins from World news | The Guardian on (#75CC5)
While interest rate rises can't affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank's best - and only - tool to fight inflation
Get our breaking news email, free app or daily news podcast
One economist is calling it the Hormuz hike".
There's 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 Australia's economics editor
Continue reading...