Minutes from the Reserve Bank of Australia's March 18-19 board meeting have revealed the Bank did not consider an additional increase to interest rates.

Minutes show the RBA had canvassed the option at every meeting since May 2022, when the infamous string of 13 rate hikes began.

HSBC Chief Economist Paul Bloxham says the Bank were content to hold the rates in place- and cuts can't be far behind.

LISTEN ABOVE

Minutes from the Reserve Bank of Australia's March 18-19 board meeting have revealed the Bank did not consider an additional increase to interest rates.
Minutes show the RBA had canvassed the option at every meeting since May 2022, when the infamous string of 13 rate hikes began.
HSBC Chief Economist Paul Bloxham says the Bank were content to hold the rates in place- and cuts can't be far behind.
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.