Paul Bloxham: HSBC Chief Economist on inflation in Australia remaining stubbornly high
Alarm bells are being raised over in Australia, as economists warn the risk of inflation lingering is increasing.
The Reserve Bank of Australia raised the OCR to 4.35 percent last week- the highest official cash rate seen in 12 years.
HSBC Chief Economist Paul Bloxham says the RBA will likely have to do more to raise the OCR and bring down inflation in the coming months.
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