RBA Doesn't Need to Cut Rates Further, HSBC Says

RBA Doesn't Need to Cut Rates Further, HSBC Says Play

Jan. 9 (Bloomberg) -- Paul Bloxham, chief economist for HSBC Holdings Plc in Sydney and a former Reserve Bank of Australia official, talks about the nation's economy, central bank monetary policy and the local currency. Australian retail sales unexpectedly declined for the first time in four months in November as consumers spent less on household goods and clothing in an economy with a weaker employment outlook. Bloxham speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)

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