Paul Bloxham: HSBC Chief Economist on Australia hiking their OCR up by a further 25 basis points
The Australian Reserve Bank has increased the OCR by a further 25 basis points to 3.6 percent.
This has been the 10th rate rise in a row, putting the OCR at its' highest point in 11 years in an attempt to curb inflation.
HSBC Chief Economist Paul Bloxham is not surprised by this rate hike, saying economists predicted this was coming.
Paul Bloxham says the RBA might consider pausing their rate hike cycle sometime soon after this recent burst of increases.
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