Paul Bloxham: HSBC chief economist on the RBA moving to hold the OCR at 4.1 percent - Heather du Plessis-Allan Drive

The Australian Reserve Bank has moved to hold the OCR steady at 4.1 percent following this afternoon's meeting.

Interest rates started to drop in February - but the Central Bank opted to hold off on going further for the time being.

HSBC chief economist Paul Bloxham explains what inspired the market to make this move.

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