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.

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