The Reserve Bank Governor is defending voting to keep the Official Cash Rate unchanged for another six weeks.

Three members of the Monetary Policy Committee voted to hike the rate to 3 percent.

But four - including Governor Anna Breman - opted to stick at 2.75 percent.

Breman says the effects of high fuel prices haven't been as severe as feared.

"We've seen the indirect effects, so how fuel prices have affected other kinds of prices, like transport and food prices and things like that - those effects have actually been a bit weaker than we thought." 

LISTEN ABOVE

The Reserve Bank Governor is defending voting to keep the Official Cash Rate unchanged for another six weeks.
Three members of the Monetary Policy Committee voted to hike the rate to 3 percent.
But four - including Governor Anna Breman - opted to stick at 2.75 percent.
Breman says the effects of high fuel prices haven't been as severe as feared.
"We've seen the indirect effects, so how fuel prices have affected other kinds of prices, like transport and food prices and things like that - those effects have actually been a bit weaker than we thought."&nbsp;
LISTEN ABOVE

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
&nbsp;

The SME Stream

Anna Breman: Reserve Bank Governor on why the Reserve Bank kept the OCR on hold at 2.75 percent

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice. 

This week, the Reserve Bank shocks many by holding the OCR steady, but was it the right move? More Kiwis are in work, and one island appears to be doing the heavy lifting. Plus we’ve heard about economic greenshots but not everyone is seeing them … so what’s the hold up? 

As business owners, you know how hard it is keeping up with your business, let alone the news. Join Wilhelmina O'Keeffe each week as she gives you a rundown of the biggest stories that could impact your business, so you can make informed decisions with expert advice.&nbsp;
This week,&nbsp;the Reserve Bank shocks many by holding the OCR steady, but was it the right move? More Kiwis are in work, and one island appears to be doing the heavy lifting. Plus we&rsquo;ve heard about economic greenshots but not everyone is seeing them &hellip; so what&rsquo;s the hold up?

The SME Stream Weekly Wrap - 30th October

The Monetary Policy Committee voted to hold the OCR at 2.75%

The Monetary Policy Committee voted to hold the OCR at 2.75%

'High' chance of OCR hike in December, RBNZ boss tells Ryan Bridge - Thu 29 Oct

Southern Cross Chief Sales and Marketing Officer Regan Savage on how employers can better support workplace health.

Southern Cross Chief Sales and Marketing Officer Regan Savage on how employers can better support workplace health.

Anna Breman: Reserve Bank Governor on why the Reserve Bank kept the OCR on hold at 2.75 percent

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