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

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's Reserve Bank lifting the OCR to 4.35 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d9291217-ddc0-47bf-82d5-b44100804829/transcript