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The Guardian - AU

National

Kris Swales

Afternoon Update: RBA official’s rate hike warning; ABC boss’s ‘utterly offensive’ comments condemned; and ‘boy kibble’ goes viral

RBA Andrew Hastie Donald Trump Gout Gout Iran Inflation Interest Rates Melbourne United States

Houses in Brunswick, Melbourne — Houses in Brunswick, Melbourne. Home prices in Victoria’s capital have slipped since the start of the year. Photograph: James Ross/AAP

Good afternoon.

A senior Reserve Bank official says soaring fuel prices from the Iran war are “making us all poorer”, but signalled the central bank may need to hike interest rates again to prevent inflation getting out of hand.

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