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." 

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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;