forex cross rate

Reserve Bank of Australia: The policy committee has judged that inflation may remain above target for longer than previously expected.

Australian Finance Minister: Today the Central Bank’s Monetary Policy Committee raised the cash rate by 25 basis points. We already face inflationary challenges in our economy, but the war in the Middle East has made that challenge even more acute. This will put increased pressure on households and businesses during a time of global instability. Many Australians, already struggling, are now also feeling the impact of higher oil prices due to conflict in the Middle East. That’s why we’re launching responsible cost-of-living relief and taking action to give consumers a fair deal when they pump up the gas.

Reserve Bank of Australia: Rising prices and prolonged uncertainty may lead to slower economic growth in Australia and its major trading partners.

Thai Deputy Prime Minister: Thailand’s Foreign Minister has discussed purchasing crude oil from Russia with the Russian government.

The Reserve Bank of Australia will announce its interest rate decision in ten minutes.

British Airways: We are continuing to monitor the situation closely.