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Rising fuel prices could force interest rate rise
Shane Oliver, chief economist at AMP, said fuel prices could rise another 10 cents as the rebound in oil prices had not yet fully flowed through, in a note on Friday.
The longer the strait remains closed and the war escalates, the greater the risk that oil prices will have to rise to around $US150/barrel to bring demand down to match the hit to supply.
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This article was originally published by The Guardian and written by Penry Buckley.
Read original article on The Guardian