Paul Bloxham: HSBC chief economist on the RBA increasing the OCR to 3.85 percent

Best of Business · Feb 3, 2026 · 5m · transcript

The Reserve Bank of Australia started the year off with an increase set to impact mortgage holders.

The RBA increased the official cash rate by 25 basis points to 3.85 percent, citing increased concerns about inflation.

HSBC chief economist Paul Bloxham explained the increase further.

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