Larry Williams Drive

Interest rates are on the rise – here and across the ditch.  The Reserve Bank hiked the official cash rate by half a percent to 1.5% last week causing most retail banks to increase mortgage rates too.  In Australia, the Reserve Bank hasn't moved yet but warned the cash rate will increase earlier than thought because of inflation pressures. Paul Bloxham, HSBC's chief economist in Sydney, joined Andrew Dickens. LISTEN ABOVESee omnystudio.com/listener for privacy information.