The Reserve Bank of Australia raised its benchmark interest rate by 0.25 percentage points to 4.85%, its highest level since 2008, citing persistent inflation and rising energy costs linked to the Iran war. France 24 (AFP)
France 24Australian central bank lifts key interest rate to 18-year highAustralia's central bank raised its key interest rate to a 18-year high on Tuesday, citing the prolonged war in the Middle East and persistent inflationary pressures.
Are other central banks likely to face the same trade-off between energy-driven inflation and slower growth?
