The Reserve Bank has again pumped the brakes on the official cash rate, holding it at 5.5% despite concerns about lingering inflation pressures.
The central bank says OCR will need to stay at a restrictive level for a "sustained" period, dashing hopes of a rates cut anytime soon.
ANZ chief economist Sharon Zollner has been swimming against tide of economists, predicting the OCR would go up.
ANZ chief economist Sharon Zollner speaks to Lisa Owen.
