Australian households brace for RBA rate rise and gasoline over $2 per litre
Economists say the Reserve Bank may lift rates while petrol could top $2 a litre as Middle East tensions push crude above $100 a barrel.
Economists say the Reserve Bank may lift rates while petrol could top $2 a litre as Middle East tensions push crude above $100 a barrel.
How the sides frame it
LOW AGREEMENTLeft-leaning coverage emphasizes the looming RBA rate hike and its impact on household budgets, while centrist coverage focuses on the government's reassurance that fuel supplies remain solid despite rising prices.
LEFT
Highlights economic pressure on households from rising fuel costs and a possible fourth interest-rate hike.
CENTER
Reassures the public that the national fuel supply is secure even as prices climb.
The left emphasises
- potential fourth interest-rate hike by the Reserve Bank
- fuel prices breaching $2 per litre and threatening household budgets
- the delicate balance the central bank faces between curbing inflation and avoiding undue strain on consumers