The Reserve Bank is expected to play it safe today as it releases the first Official Cash Rate since the Iran war began. 

Economists predict it'll remain at 2.25% until later this year. 

ANZ Chief Economist Sharon Zollner told Ryan Bridge the conflict is very much inflationary and bad for growth. 

She says until it's clear whether higher interest rates are required to head off persistent inflation or not – the best thing to do is stay in 'wait and see' mode. 

The OCR will be released at 2pm. 

LISTEN ABOVE