RBA mulls rate rise today as global economy plunges into chaos

RBA DECISION MUST BE MADE IN AN ENVIRONMENT OF GLOBAL UNCERTAINTY

The Reserve Bank of Australia will announce its latest interest rate decision this afternoon amid enormous global uncertainty as the war in the Middle East intensifies.

with the US President Donald Trump threatens allies Governments that have not come to help solve the mess it has created are scrambling to react as they prepare for further economic impact. Oil prices rose to $106.50 per barrel at one point on Monday, then fell back to $101. Finance Times reports.