The Reserve Bank of Australia's decision this month to pause cash rate hikes was welcome relief for struggling Aussies. However, it's already been signalled that given economic instability more hikes are likely in store. 

HSBC chief economist Australia and New Zealand Paul Bloxham was among those that correctly predicted the RBA's decision. 

He speaks to Financial Standard about the central bank's major considerations ahead of next month's meeting, what's likely to occur over the next year, and what it all might mean for the upcoming federal budget.