OCR: Rates held steady today but hikes at the ready if needed - Breman

Last updated Wednesday 4:47pm

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Infometrics chief executive Brad Olsen said the Reserve Bank will not want to have a "knee jerk" reaction to the ongoing situation. (Source: 1News)

Infometrics chief executive Brad Olsen said the Reserve Bank will not want to have a "knee jerk" reaction to the ongoing situation. (Source: 1News)

The Reserve Bank's monetary policy committee discussed raising rates at its latest review but opted to hold the official cash rate (OCR) steady at 2.25%, with the governor saying members were "not close" to picking a hike today.

The announcement was made at 2pm.

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