Over in Australia, the Reserve Bank has moved to keep the official cash rate in place at 4.35 percent.

The result was widely expected by economists and money markets, despite inflation remaining above the RBA’s 2-3 percent target range in the June quarter.

HSBC Chief Economist Paul Bloxham says there's evidence that the Australian economy is slowing down, which is helping put downward pressure on inflation. 

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Over in Australia, the Reserve Bank has moved to keep the official cash rate in place at 4.35 percent.
The result was widely expected by economists and money markets, despite inflation remaining above the RBA’s 2-3 percent target range in the June quarter.
HSBC Chief Economist Paul Bloxham says there's evidence that the Australian economy is slowing down, which is helping put downward pressure on inflation.&nbsp;
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 holding their OCR in place at 4.35 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6794f811-31e4-4ba3-90f9-b4a30079d008/transcript