Interest rates may not be going up or down much any time soon. 

The Reserve Bank is keeping the Official Cash Rate unchanged at 5.5%, in line with most economists' expectations. 

Vittoria Shortt, ASB’s CEO, told Mike Hosking that both personal customers and businesses are coping with the higher rates, but are making big sacrifices to do so. 

She said that across the board, their business clients are doing well but not without making trade-offs or sacrifices. 

Some industries, Shortt said, are experiencing more stress, some are coming out of that stress, and some that are really keen to grow. 

LISTEN ABOVE 

• Tough year ahead as OCR remains unchanged
• Reserve Bank Governor is "very comfortable" with inflation's progression