Former Reserve Bank economist on surprise OCR decision
Many economists are surprised the Reserve Bank decided to hold the official cash rate. In a 4-3 split decision, the Monetary Policy Committee held the OCR at 2.75 per cent. Former Reserve Bank economist, Michael Reddell, has been on the inside of these decisions in the past and spoke to John Campbell.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.