Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday
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Inflation jumped to 4.6% in the year to March, from 3.7% the month before, in what experts say is the start of an Iran war-linked fuel shock that will ripple through the economy over coming months.
Financial markets are betting the Reserve Bank will hike interest rates for a third straight meeting next Tuesday, as officials struggle to manage the “nightmare scenario” of containing inflation even as growth is expected to slow sharply.
Continue reading...This article was originally published by The Guardian and written by Patrick Commins Economics editor.
Read original article on The Guardian