Australian financial markets appear to be bracing themselves for bad news.

They've made a sudden shift from pricing in rate cuts to pricing in potential rate hikes, and economists fear increases to the OCR are coming.

HSBC chief economist Paul Bloxham says interest rates aren't likely to be dropping any time this year.

LISTEN ABOVE

Australian financial markets appear to be bracing themselves for bad news.
They've made a sudden shift from pricing in rate cuts to pricing in potential rate hikes, and economists fear increases to the OCR are coming.
HSBC chief economist Paul Bloxham says interest rates aren't likely to be dropping any time this year.
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.

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