Paul Bloxham: HSBC chief economist on Australia's Reserve Bank holding the Official Cash Rate for seventh time in a row - Heather du Plessis-Allan Drive

The Australian Reserve Bank has held the cash rate at 4.35 percent after its latest board meeting, citing concerns about inflation.

This  seventh consecutive hold was widely tipped by economists - and they haven't ruled out additional increases either.

HSBC chief economist Paul Bloxham outlines his predictions for when the economy will turn around and give homeowners some reprieve.

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