Question marks surround Reserve Bank’s interest rate move
The last time the US embarked on a Middle East military intervention, then-Secretary of Defense Donald Rumsfeld ruminated on the challenges of unknown unknowns. Two decades later, as Donald Trump wages war in Iran rather than Iraq, unknown unknowns are complicating matters for the Reserve Bank of Australia. Until a week ago, the central bank was widely expected to keep interest rates on hold at its March board meeting, which wraps on Tuesday. But that changed with the conflict in the Middle East, which has blocked the passage of oil through the Strait of Hormuz, amid scenes of tanker