The Reserve Bank's kept the OCR unchanged at 2.25% and isn't forecasting any change until the end of the year. 

Governor Anna Breman says inflation should be back within target this quarter. 

She says the economy fundamentals are consistent with inflation falling to, and remaining at, 2% over the medium term. 

Infometrics Principal Economist Brad Olsen told Mike Hosking the Governor is playing with a pretty straight bat. 

He says it’s a tricky balance, as the economy doesn’t quite feel like it has recovery momentum, and they don’t want to cut that off at the knees by spooking anyone, but they do have to be focused on inflation. 

LISTEN ABOVE 

The Reserve Bank's kept the OCR unchanged at 2.25% and isn't forecasting any change until the end of the year.&nbsp;
Governor Anna Breman says inflation should be back within target this quarter.&nbsp;
She says the economy fundamentals are consistent with inflation falling to, and remaining at, 2% over the medium term.&nbsp;
Infometrics Principal Economist Brad Olsen told Mike Hosking the Governor is playing with a pretty straight bat.&nbsp;
He says it’s a tricky balance, as the economy doesn’t quite feel like it has recovery momentum, and they don’t want to cut that off at the knees by spooking anyone, but they do have to be focused on inflation.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

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Brad Olsen: Infometrics Principal Economist on the OCR being held at 2.25%

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/491e06c4-1f55-495c-b539-b3f5014d0c21/transcript