Starcast Join the waitlist
Checkpoint

Checkpoint

Reserve Bank Governor explains surpise OCR hold

Oct 28, 2026 · 11m

Join the waitlist Listen in Starcast

Coming soon to iPhone. Already have it? “Listen in Starcast” takes you straight there.

About this episode

The Reserve Bank has surprised the market today with a decision to hold the official cash rate at 2.75 percent in a split decision. Economists had widely expected a hike today, with inflation at 3.7 percent outside the Reserve Bank's target band of one to three percent. However more interest rate hikes are likely in the next few months. Reserve Bank Governor Anna Breman spoke to Lisa Owen.