RBA Says Not Possible to Predict Cash Rate Path With Confidence

Australia's central bank raised interest rates for the second time this year and said it cannot confidently predict the path for policy. Officials flagged that a surge in oil prices driven by the Middle East war is increasing inflation risks and adding uncertainty to future rate decisions.

Analysis

Australia's central bank raised interest rates for the second time this year and said it cannot confidently predict the path for policy. Officials flagged that a surge in oil prices driven by the Middle East war is increasing inflation risks and adding uncertainty to future rate decisions.