RBA tightens again as Iran war pushes up inflation – Central Banking
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Price shocks caused by conflict have made all Australians poorer, governor says
The Reserve Bank of Australia has made its second rate hike to combat inflation since the outbreak of the Iran war and the third in its current tightening cycle.
The RBA’s board tightened policy by 25 basis points to 4.35% today (May 5). The bank also projected that inflation would remain elevated “for some time” and said inflation expectation risks were tilted to the upside. The decision was reached by eight votes to one, with the sole dissenter seeking to keep rates at 4.10%. The votes were
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