The Reserve Bank of Australia is holding the OCR at 4.1 percent, to assess the impact of prior hikes.

The RBA warns that more increases may be needed to ensure inflation drops to their target in a reasonable timeframe.

Australian correspondent Murray Olds says Australian homeowners and renters will appreciate this pause, however temporary.

LISTEN ABOVE

The Reserve Bank of Australia is holding the OCR at 4.1 percent, to assess the impact of prior hikes.
The RBA warns that more increases may be needed to ensure inflation drops to their target in a reasonable timeframe.
Australian correspondent Murray Olds says Australian homeowners and renters will appreciate this pause, however temporary.
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.