RBA’s Hauser says "there have been important economic developments since May and not least the chance of a US-Iran deal

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[US-IRAN ANALYSIS] Conflicting remarks surrounding inspections of Iran's nuclear facilities; all eyes on Lebanon-Israel talks in the US

Jera Chairman says that restoring Qatar’s LNG facilities, which were damaged during the Iran war, may likely take more than two or three years

RBA’s Hauser says "there have been important economic developments since May and not least the chance of a US-Iran deal

Norwegian Unemployment Rate (May) 4.4% (Prev. 4.6%)

Israel and Lebanon are in talks on a US-supported pilot project involving the withdrawal of Israeli troops from some parts of southern Lebanon and hand it over to Lebanese forces, according to several Israeli officials

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  • Lower oil prices are lower, but not assured yet. 
  • The RBA took proactive policy action to reduce excessive capacity pressures through rate hikes. 
  • Timely policy steps to reduce inflation could have lower unemployment costs. 
  • The RBA still has work to do to reduce inflation, which remains far too high. 

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