A clear message from the Reserve Bank Governor.

The central bank held the Official Cash Rate at 5.5%, and signalled any cuts aren't on the immediate horizon.

It's also left the door open for another rise if inflation pressures are stronger than expected.

Governor Adrian Orr told Mike Hosking that their statement was intentionally hawkish.

He says they don't see room for rate cuts anytime soon, and markets had been trying to guess when that would happen.

LISTEN ABOVE

A clear message from the Reserve Bank Governor. 
The central bank held the Official Cash Rate at 5.5%, and signalled any cuts aren't on the immediate horizon. 
It's also left the door open for another rise if inflation pressures are stronger than expected. 
Governor Adrian Orr told Mike Hosking that their statement was intentionally hawkish. 
He says they don't see room for rate cuts anytime soon, and markets had been trying to guess when that would happen. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...