Paul Bloxham: HSBC chief economist on the possibility of the Reserve Bank introducing another rate hike - Heather du Plessis-Allan Drive

The Reserve Bank surprised economists by revealing they considered hiking the Official Cash Rate - and haven't ruled out further hikes either.

Last week, the Reserve Bank confirmed they were keeping the OCR in place at 5.5 percent, in line with expectations.

HSBC chief economist Paul Bloxham said this was 'surprisingly hawkish', given the economy is weakening.

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