RBA Warns Global Oil Shock Could Drive Up Inflation Expectations
MorningStar·- The Reserve Bank of Australia warns that the war in Iran may increase inflation and long-term inflation expectations, amid existing capacity pressures in Australia. - Assistant governor Chris Kent highlighted that prolonged conflict could elevate short-run neutral interest rates and demand a tighter policy response from the RBA. - Economists anticipate inflation surpassing 5.0% in the near future, leading to expectations of further interest rate hikes as the RBA assesses the impact of financial conditions on the economy.Morning brief: RBA hikes, oil jumps, Samsung-Nvidia AI tie-up
Invezz·- Global markets are responding to monetary tightening, geopolitical tensions, and advancements in AI technologies. - The Reserve Bank of Australia raised interest rates to 4.1% as inflation concerns persist, while oil prices surged amid uncertainty regarding US-Iran relations. - Additionally, Samsung and Nvidia announced a collaboration in AI chip manufacturing, as the US seeks leadership changes in Cuba amidst increasing diplomatic pressure.Australia releases gasoline and diesel reserves
Wallstreetcn·REG - UBS (IRL) MSCI AUD $ - Net Asset Value(s)
London Stock Exchange·ASX (ASXFF) Gets a Hold from UBS
Tip Ranks·