Australia's Reserve Bank has lifted the country's Official Cash Rate 25 basis points, to 4.35 percent. 

The move was expected by economists and financial markets, fearing the Middle East oil crisis could worsen inflation before it gets better.

HSBC Chief Economist Paul Bloxham explained the move further.

LISTEN ABOVE

Australia's Reserve Bank has lifted the country's Official Cash Rate 25 basis points, to 4.35 percent.&nbsp;
The move was expected by economists and financial markets, fearing the Middle East oil crisis could worsen inflation before it gets better.
HSBC Chief Economist Paul Bloxham explained the move further.
LISTEN ABOVE

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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.

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Paul Bloxham: HSBC Chief Economist on Australia's Reserve Bank lifting the OCR to 4.35 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8023d05e-4855-4793-ab40-b44100804ca9/transcript