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Anna Breman: Reserve Bank Governor on the decision to leave the OCR unchanged at 2.25 percent
Published 3 weeks ago
Description
The Reserve Bank Governor says she's mindful of the weak economy, as she weighs up Official Cash Rate settings.
Anna Breman made the final call to keep the OCR unchanged at 2.25 percent today.
The Monetary Policy Committee had been evenly split on hiking or holding, and is now signalling it'll go up in September.
Breman says they consider the factors pushing inflation up, but also the weak economy and labour market that could send it downwards.
"We aim to keep inflation low and stable, but we should also avoid unnecessary volatility in the economy."
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