OCR

OCR

Official cash rate: Reserve Bank Governor Adrian Orr keeps OCR at ... Inflation is still too stubborn for the country to afford a rates cut.

Despite the economic challenges faced by the country, Reserve Bank Governor Adrian Orr has decided to keep the Official Cash Rate (OCR) unchanged. This decision comes as inflation remains high and shows no signs of easing, making it difficult for the country to justify a rates cut at this time.

With the OCR being a crucial tool in influencing interest rates and ultimately the overall economy, the Reserve Bank's decision to maintain the current rate reflects their cautious approach to managing the country's monetary policy in the face of ongoing economic uncertainties.