RBA Assistant Governor Christopher Kent warned today that the prolonged Middle East conflict is pushing Australia’s “neutral” interest rate higher, signaling a potentially more aggressive path for the cash rate. Despite global uncertainty usually cooling markets, Kent noted that persistent supply shocks in energy are forcing a “tighter stance of monetary policy” to prevent long-term […]The post RBA Warns of ‘Restrictive’ Shift: Why Rising Neutral Rates and Petrol Shocks Could Trigger More Hikes appeared first on ActionForex.