'Concerned': HSBC chief economist on what OCR increase says about inflation outlook
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Over in Australia, the Reserve Bank has moved to increase the OCR for the fifth time to 4.85 percent.
The central bank's board members voted six-to-three in favour of the increase amid growing concerns about inflation.
HSBC chief economist Paul Bloxham says the RBA is 'concerned' about inflation becoming embedded and they're looking to tighten things up
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