Leaving the OCR on hold today was the right decision, but there will be further cuts down the track, economists say.
The Reserve Bank today left the Official Cash Rate unchanged at 2.25%.
More evidence of the surging strength of the housing market comes in new data showing mortgage lending, including to investors, is up across the board.
An OCR cut this week is a live call, but most economists think the Reserve Bank will wait a bit longer before cutting again.
Speculation over the prospect of further restrictions on the housing market has been growing, but the Reserve Bank is remaining silent.
The Reserve Bank’s juggling act has not become any easier despite signs that inflation may have bottomed out.