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Reserve Bank of Australia increases OCR by 25 basis points, surprising financial markets

Author
Newstalk ZB,
Publish Date
Tue, 4 Oct 2022, 8:12PM
Photo / 123RF
Photo / 123RF

Reserve Bank of Australia increases OCR by 25 basis points, surprising financial markets

Author
Newstalk ZB,
Publish Date
Tue, 4 Oct 2022, 8:12PM

The Reserve Bank of Australia has increased its OCR by less than expected.

It's gone up 25 basis points and financial markets were expecting an increase of 50.

Of course, our own Reserve Bank will announce its new rates tomorrow.

Paul Bloxham, HSBC Chief Economist is with us ahead of this week's reveal.

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