Australia News

‘Shock After Shock’: Central Bank Says Israel-Hamas Conflict May Impact Inflation

Reserve Bank of Australia governor Michele Bullock considered the impact of war on oil prices and inflation.
‘Shock After Shock’: Central Bank Says Israel-Hamas Conflict May Impact Inflation
Rockets are fired toward Israel from the Gaza Strip, as seen from southern Israel, on Oct. 16, 2023. Leo Correa/AP
Monica O’Shea
|Updated:
0:00

Conflict in the middle east could impact inflation, Australia’s central bank head has warned in her first public appearance in Sydney.

Reserve Bank of Australia governor Michele Bullock highlighted oil prices rose in the immediate aftermath of the “shock” of the Israel and Hamas conflict.

Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]
Related Topics