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The Reserve Bank expects inflation to spike this quarter - but says it's still too early to say by how much.
The central bank's opted to keep the Official Cash Rate unchanged at 2.25 percent, for now.
It's forecasting inflation will surge to 4.2 percent in the June quarter - but admits that forecast doesn't take into account the fall in fuel prices after yesterday's Iran ceasefire announcement.
The Co-operative Bank CEO Mark Wilkshire shares his thoughts with Ryan Bridge.
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