

Sara Hunter, senior official at the Reserve Bank of Australia, stated that although the labor market has stabilized, it remains tight and capacity pressures continue, She said this situation is expected to persist and inflation will remain above target for a while, The Reserve Bank emphasized it is examining to what extent the recent rise in inflation is temporary.

Oil prices moved toward recording their first consecutive weekly loss in 2026 as concerns over tensions with Iran eased and risk aversion strengthened across global markets. The International Energy Agency warned that the global market could face a surplus of about 3.7 million barrels per day in 2026, indicating that supply growth has outpaced demand. At the same time, slowing global demand growth and increased production following the easing of OPEC Plus restrictions have reinforced expectations of market saturation and added downward pressure on prices. Overall, reduced geopolitical risk, combined with surplus supply projections, has been the main factor weakening oil prices and keeping the market volatile.