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Even before the war in Iran erupted, inflation was above the central bank’s 2-3 per cent target.

Topic: finance & marketsRegion: Middle EastUpdated: i1 outletsSources: 1Spectrum: Left Only⏱ 2 min read
📰 Scored from 1 outletsacross 1 Left How we score bias →
Story Summary
SITUATION
Australia’s interest rate rise signals growing hawkish stance in Asia Macroscope | Australia’s interest rate rise signals growing hawkish stance in Asiaf global monetary trends in the wake of war-induced supply shocks Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm.
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Spectrum: Left Only🌍Asia: 1
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i1 outlets · Center
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Left: 1
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i1 unique outlets · Dominant: Asia
KEY FACTS
  • The Reserve Bank of Australia (RBA) said “higher fuel prices are adding to inflation and there are indications that this is likely to have second-round effects on prices for goods and services more broadly”.
  • The US Federal Reserve, the European Central Bank and the Bank of England (BOE) have all taken a wait-and-see approach as they weigh the benefits of suppressing inflation with the costs of dampening growth.
HISTORICAL CONTEXT

This development falls within the broader context of Finance & Markets activity in Asia Pacific. Current reporting indicates: Even before the war in Iran erupted, inflation was above the central bank’s 2-3 per cent target.

The Reserve Bank of Australia (RBA) said “higher fuel prices are adding to inflation and there are indications that this is likely to have second-round effects on prices for goods and services more broadly”.

Sources
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