Why the RBA is predicted to deliver a third straight interest rate hike this week
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Source: Guardian Australia
Published: 2026-05-04 01:00 UTC+10:00
Section: Interest rates
Factuality Score: 100
Opinion Category: Neutral
Topics: Middle East, Australia, Energy, Economy & Finance, World News, Business & Economy
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Snippet:
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
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