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Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre
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Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre

By Patrick Commins Economics editorJuly 24, 2026·Source: The Guardian·4 views

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Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrelGet our breaking news email, free app or daily news podcastAustralian households face the prospect of a Reserve Bank interest rate hike and petrol prices above $2 a litre over the coming weeks, economists warn, as the escalating Middle East crisis pushes global crude back above $US100 a barrel.Financial markets now see an even chance the RBA board will deliver a fourth cash rate increase at the next meeting on 11 August. Continue reading...

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Originally reported by The Guardian. Read the original article

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