Reserve Bank holds OCR at 2.75 percent
The Reserve Bank has held the official cash rate at 2.75 percent in a split decision. Economists had widely expected a hike this week, with inflation nudging up, largely driven by fuel prices. Annual inflation is sitting at 3.7 percent, outside the Reserve Bank's target band of one to three percent. Westpac chief economist, Kelly Eckhold spoke to Lisa Owen.
The skinny
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