The Reserve Bank of Australia has opted to keep the OCR on hold for the time being.
The cash rate is set to stay at 4.35 percent, with economists citing moderating inflation as the main factor behind the decision.
Australian correspondent Murray Olds says inflation is reducing at a positive pace- but time will tell what the market looks like in January.
LISTEN ABOVE

Nicola Willis: Finance Minister brushes off worries about fast track for housing projects
07:22

Mike Casey: Rewiring Aotearoa CEO on shortage of electricians as solar panel demand soars
05:12

Richard Harrison: Auckland Transport Public Transport Director on CRL first weekday, Warriors this weekend
02:55