The Reserve Bank has held the OCR at 2.75 percent in a split vote.
Economists had widely expected a hike this week, with inflation being pushed up by higher fuel prices.
But commentators have often said the Reserve Bank may avoid making a change close to the election, although it has no requirement to include any political consideration in its decision-making.
More to come.
Source: RNZ · RNZ | Te Reo Irirangi o Aotearoa
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