Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week

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Guardian World

Fourth Australian interest rate rise more likely if Trump’s Iran conflict not resolved within a week

Economists warn continued conflict could push oil prices beyond US$100 a barrel, increasing chance of further RBA rate hike Resurgent oil and fuel prices could cement a fourth interest rate rise this year if Donald Trump’s renewed conflict with Iran is not resolved within a week, economists warn. US missile strikes on Iran and Trump’s announcement overnight of a new maritime blockade has lifted oil prices to their hi…