ASX to extend sell-off as oil shock bolsters RBA rate rise bets

Traders are increasingly pricing in another three interest rate rises by the Reserve Bank this year, which would take the cash rate to the highest level since 2011, as the worst supply disruption in the history of oil markets threatens to intensify a renewed wave of inflation.

Source: https://www.afr.com/markets/equity-markets/asx-to-extend-sell-off-as-oil-shock-bolsters-rba-rate-rise-bets-20260313-p5oa91