Our new Reserve Bank Governor says she has full confidence in the people making OCR decisions.
The Monetary Policy Committee, chaired by Anna Breman, has decided to keep the OCR unchanged at 2.25% for now.
It says while inflation is above the target band, the economy still needs some time to recover.
Breman told Mike Hosking the committee will make the best decisions it can, based on the data and forecasts it has access to at the time.
She says something might look obvious in retrospect, but they're dealing with lots of global shocks constantly hitting the New Zealand economy.
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The Mike Hosking Breakfast