Paul Bloxham: HSBC chief economist predicts Australian interest rates will increase by the end of the year
Heather du Plessis-Allan Drive · Newstalk ZB
August 22, 20235m 19s
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Show Notes
On the other side of the Tasman, Australians are wondering how much further interest rates can rise.
Australia's current OCR is sitting at 4.10 percent, and economists are predicting the RBA will hike interest rates again before the year is out.
HSBC chief economist Paul Bloxham says inflation is likely to persist longer, and the Reserve Bank will have to lift interest rates by the fourth quarter of 2023.
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Topics
moneybusinesseconomyOCR