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Reserve Bank Governor doesn't foresee rate cuts "anytime soon"

Author
Newstalk ZB,
Publish Date
Thu, 30 Nov 2023, 8:03AM
Photo / Getty Images
Photo / Getty Images

Reserve Bank Governor doesn't foresee rate cuts "anytime soon"

Author
Newstalk ZB,
Publish Date
Thu, 30 Nov 2023, 8:03AM

A clear message from the Reserve Bank Governor. 

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

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

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

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

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