Paul Bloxham: HSBC Chief Economist on the Australian Reserve Bank leaving rates on hold for 2024 - Heather du Plessis-Allan Drive

Australia's central bank has opted to keep rates on hold in its final meeting of 2024 - the same position it's held all year.

The RBA did soften its language a bit, and revealed the board had 'some confidence' that inflation was heading back to target.

HSBC Chief Economist Paul Bloxham predicted rates would come down by 2025.

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