Reserve Bank Governor explains surpise OCR hold
The Reserve Bank has surprised the market today with a decision to hold the official cash rate at 2.75 percent in a split decision. Economists had widely expected a hike today, with inflation at 3.7 percent outside the Reserve Bank's target band of one to three percent. However more interest rate hikes are likely in the next few months. Reserve Bank Governor Anna Breman spoke to Lisa Owen.
The skinny
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