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Gppande / Wikimedia (CC BY-SA 3.0)politics1 day agoDeveloping
Reserve Bank of Australia Adjusts Forecasts Due to Oil Price Volatility from U.S.-Iran Conflict
The Reserve Bank of Australia raised interest rates amid economic pressures from the U.S.-Iran war, which has increased oil and other commodity prices. The bank outlined three scenarios for the economy, all projecting slowdowns based on varying oil price levels. Governor Michele…