The Reserve Bank has kept the Official Cash Rate at 5.5 percent, in line with predictions from banks and economists.

Many experts believe the OCR may shift later in the year to get the CPI down to target range.

Milford Asset Management analyst Katlyn Parker says there was limited market reaction to the announcement, but it's hard to think of more positives for the economy in the coming months.

LISTEN ABOVE

The Reserve Bank has kept the Official Cash Rate at 5.5 percent, in line with predictions from banks and economists.
Many experts believe the OCR may shift later in the year to get the CPI down to target range.
Milford Asset Management analyst Katlyn Parker says there was limited market reaction to the announcement, but it's hard to think of more positives for the economy in the coming months.
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.