Australia's Reserve Bank has taken on a grim tone with today's OCR update - and warned rate cuts aren't on the horizon.

The Bank considered hiking rates today, but moved to keep them in place at 4.35 percent.

HSBC chief economist Paul Bloxham says inflation is still running too far above expectations.

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Australia's Reserve Bank has taken on a grim tone with today's OCR update - and warned rate cuts aren't on the horizon.
The Bank considered hiking rates today, but moved to keep them in place at 4.35 percent.
HSBC chief economist Paul Bloxham says inflation is still running too far above expectations.
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 the Australian Reserve Bank keeping the OCR in place

Prime Minister Keir Starmer has hit back at Elon Musk over claims that a 'civil war' may break out in the UK.

On a video of rioters setting off fireworks at police, Musk commented that civil war was 'inevitable'.

UK correspondent Vincent McAviney says Starmer and his team have been working to get a grip on the riots - and social media responses.

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Prime Minister Keir Starmer has hit back at Elon Musk over claims that a 'civil war' may break out in the UK.
On a video of rioters setting off fireworks at police, Musk commented that civil war was 'inevitable'.
UK correspondent Vincent McAviney says Starmer and his team have been working to get a grip on the riots - and social media responses.
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Vincent McAviney: UK correspondent on Prime Minister Sir Keir Starmer clashing with Elon Musk over 'civil war' comments

Three major New Zealand banks have slashed their rates ahead of next week's OCR review.

Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts.

Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker.

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Three major New Zealand banks have slashed their rates ahead of next week's OCR review.
Both Kiwibank and BNZ have urged the Reserve Bank to cut the cash rate down - months ahead of predicted forecasts.
Infometrics Principal Economist Brad Olsen explains why there's a case for the Reserve Bank to move quicker.
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Brad Olsen: Infometrics Principal Economist on the increase in banks dropping their interest rates

On the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday, 6 August 2024, Health NZ's Richard Sullivan explains the u-turn to give some cancer patients early access to Keytruda treatments after all.

Smith & Caughey's chairman Tony Caughey explains the decision to keep the business going after he thought he would have to close just a few months ago (and his hot take on interest rates).

There's a warning that Kiwi kids who spend too much time on screens are displaying behaviour that mimics the symptoms of ADHD.

The Huddle debates whether PM Chris Luxon is right when he says we might have to teach less arts and music and teach more maths.

Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.

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On the Heather du Plessis-Allan Drive Full Show Podcast for Tuesday, 6 August 2024, <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/richard-sullivan-health-nz-chief-clinical-officer-on-the-organisation-doing-a-u-turn-on-keytruda-access/">Health NZ's Richard Sullivan explains the u-turn to give some cancer patients early access to Keytruda treatments after all.</a>
Smith &amp; Caughey's chairman Tony Caughey <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/tony-caughey-smith-caughey-s-chair-on-the-company-being-saved-from-2025-closure/">explains the decision to keep the business going after he thought he would have to close just a few months ago (and his hot take on interest rates).</a>
There's a warning that<a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/kathryn-berkett-educational-psychologist-on-the-behavioural-impacts-of-too-much-screen-time/"> Kiwi kids who spend too much time on screens are displaying behaviour that mimics the symptoms of ADHD.</a>
The Huddle <a href="https://www.newstalkzb.co.nz/on-air/heather-du-plessis-allan-drive/audio/the-huddle-do-schools-need-less-art-and-more-maths/">debates whether PM Chris Luxon is right when he says we might have to teach less arts and music and teach more maths.</a>
Get the Heather du Plessis-Allan Drive Full Show Podcast every weekday evening on iHeartRadio, or wherever you get your podcasts.
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Paul Bloxham: HSBC chief economist on the Australian Reserve Bank keeping the OCR in place

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