Outgoing Reserve Bank governor Philip Lowe finished his tenure as he began by keeping rates on hold as inflation cools.

With inflation past its peak, can we expect rate cuts on the horizon, and could a softening of China's economy bring them even closer, or will services inflation drive the incoming governor Michele Bullock to deliver a rate rise later this year?

Darren is joined by special guest Roy Keenan, Co-Head of Fixed Income, to explore this and the outlook for credit markets in episode 42 of The Rate Debate.