The Australian Reserve Bank has increased the OCR by a further 25 basis points to 3.6 percent.

This has been the 10th rate rise in a row, putting the OCR at its' highest point in 11 years in an attempt to curb inflation.

HSBC Chief Economist Paul Bloxham is not surprised by this rate hike, saying economists predicted this was coming.

Paul Bloxham says the RBA might consider pausing their rate hike cycle sometime soon after this recent burst of increases.

LISTEN ABOVE

The Australian Reserve Bank has increased the OCR by a further 25 basis points to 3.6 percent.
This has been the 10th rate rise in a row, putting the OCR at its' highest point in 11 years in an attempt to curb inflation.
HSBC Chief Economist Paul Bloxham is not surprised by this rate hike, saying economists predicted this was coming.
Paul Bloxham says the RBA might consider pausing their rate hike cycle sometime soon after this recent burst of increases.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.