Paul Bloxham: HSBC chief economist on the Australian Reserve Bank leaving the OCR unchanged for the moment
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.
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