RBA Bullock: Middle East Conflict Has Been A Big Shock, Has Made Us All Poorer

Longer Conflict Lasts, More Likely Businesses Will Pass On Costs Mideast Made Things Worse But Had CPI Problem Before Doesn t Seem To Be Anything Disorderly About Bond Markets, But We Are Watching Closely Board Considered Holding Rates And 25 BPs Hike A Few Downside Risks Including Housing Market