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Liam Dann: NZ Herald business editor at large on what yesterday's OCR announcement means for mortgages

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Households can breathe a temporary sigh of relief following yesterday's announcement from the Reserve Bank.

The Bank has held the OCR steady at 5.5 percent, in line with with what most economists were predicting.

NZ Herald business editor at large Liam Dann says it's going to be a long battle to get inflation down, so the future's uncertain.

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