The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent.

Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

The new Reserve Bank Governor is standing by the first OCR decision she's overseen - keeping the cash rate at 2.25 percent.
Anna Breman said the Bank isn't happy with inflation being at 3.1 percent, but it's likely it will drop later in the year.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on the market reactions to the OCR being left in place

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/334abb55-d926-4a3b-8d37-b3f500746e2c/transcript