Paul Bloxham: HSBC chief economist on Australian markets pricing in potential rate hikes

Australian financial markets appear to be bracing themselves for bad news. They've made a sudden shift from pricing in rate cuts to pricing in potential rate hikes, and economists fear increases to the OCR are coming. HSBC chief economist Paul Bloxham says interest rates aren't likely to be dropping any time this year. LISTEN ABOVESee omnystudio.com/listener for privacy information.