Paul Bloxham: HSBC Chief Economist on newly-released RBA minutes revealing a rate hike was never on the cards - Heather du Plessis-Allan Drive

Minutes from the Reserve Bank of Australia's March 18-19 board meeting have revealed the Bank did not consider an additional increase to interest rates.

Minutes show the RBA had canvassed the option at every meeting since May 2022, when the infamous string of 13 rate hikes began.

HSBC Chief Economist Paul Bloxham says the Bank were content to hold the rates in place- and cuts can't be far behind.

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