Adrian Orr: Reserve Bank Governor on the Official Cash Rate being held at 5.5%

Published: Nov. 29, 2023, 7:04 p.m.

A clear message from the Reserve Bank Governor.\xa0

The central bank held the Official Cash Rate at 5.5%, and signalled any cuts aren't on the immediate horizon.\xa0

It's also left the door open for another rise if inflation pressures are stronger than expected.\xa0

Governor Adrian Orr told Mike Hosking that their statement was intentionally hawkish.\xa0

He says they don't see room for rate cuts anytime soon, and markets had been trying to guess when that would happen.\xa0

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