Over in Australia, the Reserve Bank has moved to increase the OCR for the fifth time to 4.85 percent.

The central bank's board members voted six-to-three in favour of the increase amid growing concerns about inflation. 

HSBC chief economist Paul Bloxham says the RBA is 'concerned' about inflation becoming embedded and they're looking to tighten things up 

LISTEN ABOVE

Over in Australia, the Reserve Bank has moved to increase the OCR for the fifth time to 4.85 percent.
The central bank's board members voted six-to-three in favour of the increase amid growing concerns about inflation.&nbsp;
HSBC chief economist Paul Bloxham says the RBA is 'concerned' about inflation becoming embedded and they're looking to tighten things up&nbsp;
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 Reserve Bank of Australia lifting the OCR up to 4.85 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a2417443-8e77-4cd4-a788-b4f7006f0f05/transcript