# Danger zone: why the Middle East war has put the RBA’s inflation fight on tricky ground

https://mins.news/en/item/78326

- The Guardian, 2026-09-29 09:13 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/sep/29/michele-bullock-rba-interest-rate-rise-middle-east-war-fuel-prices-analysis

> After delivering its fourth interest rate hike of the year, Reserve Bank of Australia governor Michele Bullock said the bank still aims to bring inflation back to its 2.5% target while preserving jobs. But the prolonged Middle East conflict has kept fuel, fertiliser and transport costs higher, raising the prospect of further price rises, tougher rate increases and a dramatic economic slowdown.

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