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Investing.com -- Australian Treasurer Jim Chalmers said the U.S.-Iran war has been an economic "disaster," blaming the conflict for higher inflation and borrowing costs and warning that it is weighing on global growth, Bloomberg reported.
BOJ deputy governor Uchida warns AI is boosting demand, stoking inflation and may raise neutral interest rates, shaping markets and policy outlook.
The Australian share market saw broad gains nearing noon AEDT today, with the ASX extending its upward momentum. This market buoyancy comes as the banking sector accelerates the pace of fixed interest rate hikes, moving faster than the Reserve Bank of Australia. Analysts warn that further rate increases could elevate…