Australian households face prospect of interest rate hike and petrol prices rising above $2 a litre - short news
Economists’ warning comes as escalating Middle East crisis pushes global crude oil back above $US100 a barrel
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Australian 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..
source: The Guardian - 24.07.2026