AMP Chief Economist Shane Oliver warns that the "snowball effect" of rising global oil costs and domestic indexing could push inflation toward 4.6%, forcing the Reserve Bank's hand on interest rates.

AMP Chief Economist Shane Oliver warns that the "snowball effect" of rising global oil costs and domestic indexing could push inflation toward 4.6%, forcing the Reserve Bank's hand on interest rates.

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Sydney Now - Highlights

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Sydney Now with Clinton Maynard

'Snowball effect' - Escalating Middle East tensions and taxes drive Sydney fuel toward record highs

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Sydney Now with Clinton Maynard 🚗🏙️📻- Thursday, 5th March

Energy Minister Chris Bowen cites 2023 stockpiling laws as a shield against soaring prices.

Clinton Maynard blasts Chris Bowen for blaming the previous administration for refinery shortages four years into their term.

Energy Minister Chris Bowen cites 2023 stockpiling laws as a shield against soaring prices.
Clinton Maynard blasts Chris Bowen for blaming the previous administration for refinery shortages four years into their term.

'Snowball effect' - Escalating Middle East tensions and taxes drive Sydney fuel toward record highs

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