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Katlyn Parker: Milford Asset Management analyst on the market response to today's OCR update

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The Reserve Bank Governor has held the Official Cash Rate at 5.5 percent today, as expected by most economists.

Adrian Orr says there was discussion on whether to bring in a small hike, but the Monetary Policy Committee concluded holding was the right move.

Milford Asset Management's Katlyn Parker analyses the market reaction to this announcement.

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