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Australians might have to factor in OCR hike, expert warns

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2024, 8:37pm
Photo / File
Photo / File

Australians might have to factor in OCR hike, expert warns

Author
Newstalk ZB,
Publish Date
Tue, 18 Jun 2024, 8:37pm

Australia's Reserve Bank has left the OCR unchanged at 4.35 percent after a lengthy deliberation process.

The Bank has been waging a long-term battle against inflation, as residents grapple with the ongoing cost of living crisis.

HSBC CEO Paul Bloxham warns the RBA could resort to another rate hike in the coming months - depending on how things shake out.

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