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RBA boss’s grim Middle East warning

Bullock said higher oil prices from the conflict are feeding through to petrol and other goods, with inflation at 3.5 per cent above target.

Summary by PerthNow
Australia can no longer escape the global inflation surge, with RBA governor Michele Bullock warning the Middle East conflict has changed everything.

5 Articles

Despite the Reserve Bank of Australia (RBA) adjusting interest rates multiple times this year to curb price pressures, RBA Governor Michele Bullock warned that Australia is unlikely to see a decline in its high inflation levels in the near future.

·New York, United States
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Australian Financial Review broke the news in Sydney, Australia on Thursday, September 17, 2026.
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