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RBA Considers Rate Hike Amid Inflation and Oil Disruptions

3/3/2026

24 5 Full Breakdown

Summary

Story summary

The Reserve Bank of Australia may hike rates at the March 16-17 meeting due to rising inflation and a tight labor market, according to Reserve Bank of Australia Governor Michele Bullock.
Inflation stands at 3.8 percent, with unemployment at 4.1 percent.
Bullock says every meeting is "live."
The Middle East conflict has disrupted oil supplies, raising inflation and growth concerns, with the RBA closely monitoring developments.

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Story summary

The Reserve Bank of Australia may hike rates at the March 16-17 meeting due to rising inflation and a tight labor market, according to Reserve Bank of Australia Governor Michele Bullock.
Inflation stands at 3.8 percent, with unemployment at 4.1 percent.
Bullock says every meeting is "live."
The Middle East conflict has disrupted oil supplies, raising inflation and growth concerns, with the RBA closely monitoring developments.