The RBA, ABS, and Commonwealth Bank are monitoring the economic fallout from the Middle East conflict, specifically tracking inflation and supply chain impacts.

The entities involved

• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • Conflict in the Middle East has begun.11:54
  • Conflict in the Middle East complicates Black Sea shipments while El Niño causes dry conditions in the Sahel.11:26
• RBA →

  Spanish media enterprise

  • Oliver warns that the Reserve Bank of Australia (RBA) must remain open to interest rate hikes, noting the increasing hawkishness of the US Federal Reserve.10:42
  • The Reserve Bank of Australia (RBA) is monitoring housing market conditions in Australia, while the Government has announced tax changes for housing investors.08:25
• Australian Bureau of Statistics →

  federal statistics and census agency of the Australian Government

  • ABS reported a drop in rentvesting loans across Western Australia, New South Wales, Queensland, and South Australia.Wed 07:14
  • Anthony Albanese acknowledges state responsibility in curbing black market growth as data shows a rise in the illegal tobacco trade.Wed 06:35

Related events

• Westpac is providing key inflation trend data to the RBA, influenced by the widening impact of the Iran conflict on the broader Australian economy.Jun 7
• RBA rate rise impacts business conditions, as monitored by CreditorWatch.Tue 12:07
• The European Central Bank, led by Christine Lagarde, is grappling with the economic fallout of the Middle East conflict, including energy price hikes and global inflation.Jun 22
• The Reserve Bank of Australia and the European Central Bank are facing global economic pressures. Data released on May 27 showed that CPI rose 0.4% in April.Jun 7
• The Reserve Bank of Australia is managing monetary policy while assessing how geopolitical risks in the Middle East, including conflict status and oil flow, affect the outlook for inflation and the potential benefits of a peace deal.Jun 16