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.

LISTEN ABOVE

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.
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.

Best of Business

Paul Bloxham: HSBC chief economist on the Reserve Bank of Australia holding rates at 3.85 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/425537ba-5c2a-455d-b3cb-b3140082534d/transcript