Official Cash Rate unchanged for now, but hikes on their way
Good news for people with mortgages, the official cash rate is unchanged for now, but hikes are coming. The Reserve Bank is expecting inflation to head north of four percent by September, off the back of the Middle East conflict. In a split decision the Reserve bank held the cash rate at 2.5 percent. Governor Anna Breyman, had to use her casting vote to keep it there. Economics correspondent Gyles Beckford spoke to Lisa Owen.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.