The Reserve Bank of Australia kept the cash rate unchanged at 4.1 percent, but the door is open for future hikes.

Outgoing governor Philip Lowe said Australian inflation had 'passed its peak', but further monetary policy may be needed to return inflation to target.

HSBC chief economist Paul Bloxham says the Australian economy is still running at full capacity- and it will take time to bring inflation down again.

LISTEN ABOVE

The Reserve Bank of Australia kept the cash rate unchanged at 4.1 percent, but the door is open for future hikes.
Outgoing governor Philip Lowe said Australian inflation had 'passed its peak', but further monetary policy may be needed to return inflation to target.
HSBC chief economist Paul Bloxham says the Australian economy is still running at full capacity- and it will take time to bring inflation down again.
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.