RBA now twice as likely to hike interest rate as US-Iran war drives fuel prices higher

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Guardian World

RBA now twice as likely to hike interest rate as US-Iran war drives fuel prices higher

Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The likelihood of a Reserve Bank interest rate hike has doubled according to market forecasts, as the escalating Middle East crisis once again drives f…