Alarm bells are being raised over in Australia, as economists warn the risk of inflation lingering is increasing.

The Reserve Bank of Australia raised the OCR to 4.35 percent last week- the highest official cash rate seen in 12 years.

HSBC Chief Economist Paul Bloxham says the RBA will likely have to do more to raise the OCR and bring down inflation in the coming months.

LISTEN ABOVE

Alarm bells are being raised over in Australia, as economists warn the risk of inflation lingering is increasing.
The Reserve Bank of Australia raised the OCR to 4.35 percent last week- the highest official cash rate seen in 12 years.
HSBC Chief Economist Paul Bloxham says the RBA will likely have to do more to raise the OCR and bring down inflation in the coming months.
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.