While most of the world will hold interest rates and wait out the energy shock, Australia and New Zealand are set to lift their rates up.

Both nations are looking to bring down inflation, and the ongoing fuel crisis is set to pose additional economic risks. 

HSBC Chief Economist Paul Bloxham explained why this is the case.

LISTEN ABOVE

While most of the world will hold interest rates and wait out the energy shock, Australia and New Zealand are set to lift their rates up.
Both nations are looking to bring down inflation, and the ongoing fuel crisis is set to pose additional economic risks.&nbsp;
HSBC Chief Economist Paul Bloxham explained why this is the case.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Paul Bloxham: HSBC Chief Economist on Australia and New Zealand looking to lift rates amid ongoing fuel crisis

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/04747b6c-5f19-468b-b992-b43a00854470/transcript