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INTERVIEW: Will the war in the Middle East cause the RBA to raise interest rates?
The Reserve Bank of Australia building Source: Getty / Bloomberg
The war in the Middle East has rocked the financial world, with the price of oil sky rocketing and no end to the conflict in sight. This week will see the Reserve Bank set the interest rate - and the markets are now predicting there's likely to be a hike in the rates. Cameron Carr spoke to the AMP's Chief Economist Shane Oliver. He says it's an uncertain situation.
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