‘Live’ chance of interest rate hike at March RBA meeting amid oil price spikes affecting inflation, governor says

Michele Bullock not ‘making a prediction’, but cites rise in oil prices due to attacks on Iran and tight labour market as factors in possible cash rate rise Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast The governor of the Reserve Bank of Australia, Michele Bullock, says there is a “live” chance of a rate hike in two weeks’ time, as the central bank frets that a “prolonged” oil price spike as a result of the attacks on Ir...

By Patrick Commins