Larry Williams Drive

Aussies have been hit with another rates rise of 50 basis points today. It brings their cash rate to 2.35 per cent. Paul Bloxham, HSBC chief economist out of Sydney says inflation and growth have gained more momentum. “The consumer seems to be continuing to plough through and spend more, even though the housing market’s already falling and interest rates have risen quite rapidly.” LISTEN ABOVESee omnystudio.com/listener for privacy information.