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Market responds positively to today's OCR update, according to expert

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:50PM
 Photo / Mark Mitchell
Photo / Mark Mitchell

Market responds positively to today's OCR update, according to expert

Author
Newstalk ZB,
Publish Date
Wed, 28 Feb 2024, 7:50PM

The Reserve Bank Governor has held the Official Cash Rate at 5.5 percent today, as expected by most economists.

Adrian Orr says there was discussion on whether to bring in a small hike, but the Monetary Policy Committee concluded holding was the right move.

Milford Asset Management's Katlyn Parker analyses the market reaction to this announcement.

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