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Middle East war complicates RBA's inflation battle

Original: Danger zone: why war in the Middle East has landed the RBA’s inflation fight in tricky territory

Australia's central bank faces a harder task taming inflation as war in the Middle East threatens fresh shocks to global oil prices and supply chains. The Guardian reports that the conflict has landed the Reserve Bank's rate-setting decisions in tricky territory, with policymakers weighing energy-driven price pressure against a fragile domestic economy.

Why now: Escalating conflict in the Middle East is driving energy price uncertainty just as central banks try to bring inflation down.

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Evidence

• Danger zone: why war in the Middle East has landed the RBA’s inflation fight in tricky territory · The Guardian

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