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Economics3h 18m ago
HSBC chief economist Paul Bloxham believes the Australian economy is weakening, making further interest rate rises unlikely, despite the RBA Governor Michelle Bullock not ruling out increases.
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Australia
Who
Paul Bloxham, Michelle Bullock, Reserve Bank of Australia (RBA)
What
HSBC chief economist Paul Bloxham believes the Australian economy is weakening, making further interest rate rises unlikely, despite the RBA Governor Michelle Bullock not ruling out increases.
When
Wed, 17 Jun 2026 01:52:09 GMT · 3h 18m ago
Where
Australia ·
Why
The RBA has left the official cash rate unchanged at 4.35 per cent, pausing its tightening cycle for the first time this year, while Bloxham points to falling employment, rising unemployment, and easing consumption as signs of a weakening economy.
The Frontline Impact
How this affects you
This signals a potential reprieve for homeowners facing rising repayments in Australia, as the central bank might hold rates steady, though inflation remains a concern, suggesting a prolonged period of current rate settings to curb price pressures.
Story chain
3 events in this thread- Economics3h 18m agoHSBC chief economist Paul Bloxham believes the Australian economy is weakening enough to make additional interest rate rises unlikely, despite ongoing inflation concerns.Open article
- Currently Reading3h 18m agoHSBC chief economist Paul Bloxham believes the Australian economy is weakening, making further interest rate rises unlikely, despite the RBA Governor Michelle Bullock not ruling out increases.
- Economics3h 18m agoHSBC chief economist Paul Bloxham believes the Australian economy is weakening enough to make additional interest rate rises unlikely, despite RBA Governor Michelle Bullock refusing to rule them out.Open article