Australia's mood stays strained, with a fresh rate hike hitting the housing auction market hard and the Treasurer pointing to the US-Iran conflict as a driver of higher inflation a
Australia's mood stays strained, with a fresh rate hike hitting the housing auction market hard and the Treasurer pointing to the US-Iran conflict as a driver of higher inflation and borrowing costs. The government is defending its economic record after what critics call a rough week, while rising bond costs add pressure to the federal budget. On the diplomatic side, the Treasurer is heading to Japan for a new finance ministerial forum, a sign of deepening regional economic ties.
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