Paul Bloxham: HSBC Chief Economist on Australia's Reserve Bank lifting the OCR to 4.35 percent

Best of Business · May 5, 2026 · 4m · transcript

Australia's Reserve Bank has lifted the country's Official Cash Rate 25 basis points, to 4.35 percent.

The move was expected by economists and financial markets, fearing the Middle East oil crisis could worsen inflation before it gets better.

HSBC Chief Economist Paul Bloxham explained the move further.

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