The Reserve Bank Governor Anna Bremen explains the decision to maintain the official cash rate at 2.25% amid rising inflation and economic pressures, emphasizing vigilance against second-round price increases and the need for timely, data-informed rate hikes in the coming months.
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So we will get more information over coming weeks and months, and that will make it easier for us to assess if we're starting to see those what we call indirect and second round effects. But we haven't seen much yet. That is true. That's also why some of us wanted to be on hold and voted for that.
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growing concern over embedded cost pressures
Anna Breman: Reserve Bank Governor on the decision to leave the OCR unchanged at 2.25 percentSpotted something wrong on this page? Report a correction.
