Business
RBA Hikes Interest Rate Amid Global Energy Crisis
The Reserve Bank of Australia (RBA) is now twice as likely to hike interest rates due to escalating Middle East tensions driving up fuel prices. This decision is expected to further impact the already slowing Australian economy.
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The Guardian
Experts warn global energy market at a ‘critical juncture’ with escalating Middle East crisis expected to further drag on a slowing Australian economy<a href="https://www.theguardian.com/australia-news/live/2026/jul/21/australia-news-live-barnaby-joyce-pauline-hanson-one-nation-ant
2026-07-21 15:00 UTC