Paul Bloxham: HSBC chief economist on the Reserve Bank of Australia holding rates at 3.85 percent
Heather du Plessis-Allan Drive · Newstalk ZB
July 8, 20254m 15s
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Show Notes
The Reserve Bank of Australia has defied market expectations by leaving its cash rate target unchanged at 3.85 percent.
Market expectations were for the central bank to cut its rate by 25 basis points.
HSBC chief economist Paul Bloxham this came as a surprise to experts - but the central bank opted to wait ahead of the CPI release.
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Topics
RBAinterest ratesOCRbusinessmoneyeconomy