‘Stagflationary shock’ from Iran war a ‘nightmare’ as confidence among Australian households crashes

Weakened economic activity, soaring fuel prices and rising inflation have created a horror scenario, RBA deputy governor says Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Andrew Hauser, the Reserve Bank of Australia’s deputy governor, says the “stagflationary shock” from the Iran war is a “central banker’s nightmare”, as confidence among Australian households crashed to its lowest level in years. Speaking at an event in New Y