Australia's central bank has opted to keep rates on hold in its final meeting of 2024 - the same position it's held all year.

The RBA did soften its language a bit, and revealed the board had 'some confidence' that inflation was heading back to target.

HSBC Chief Economist Paul Bloxham predicted rates would come down by 2025.

LISTEN ABOVE

Australia's central bank has opted to keep rates on hold in its final meeting of 2024 - the same position it's held all year.
The RBA did soften its language a bit, and revealed the board had 'some confidence' that inflation was heading back to target.
HSBC Chief Economist Paul Bloxham predicted rates would come down by 2025.
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 leaving rates on hold for 2024

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6515b92f-b1b3-427e-91d9-b2420078d09f/transcript

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