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Reserve Bank is still ‘unsure’ about another rate rise
The Reserve Bank board will have to earn its money to navigate Australia through a “nightmare” stagflation shock, a top central bank official said as confidence tanks and prices soar. The RBA is still “feeling its way” through the energy crisis and what it meant for inflation, deputy governor Andrew Hauser told a New York University financial event on Tuesday. The Reserve Bank raised interest rates in back-to-back meetings in February and March, after already-elevated inflation was compounded by the US-Israeli attacks on Iran and subsequent closure of the Strait
