The Reserve Bank (RBNZ) has left the Official Cash Rate (OCR) unchanged at 2.25%, but warns that "decisive and timely" OCR increases may yet be required depending on how the country reacts to annual inflation expected to spike to 4.2% in the June quarter. The RBNZ's decision to hold the OCR was largely expected. In the lead up to Wednesday's announcement, financial markets were pricing in a minute chance of 4% that the RBNZ would move rates this week, and the New Zealand Economic Institute of Research panel of experts were overwhelmingly in favour of the OCR being held. A key point of interest ahead of this decision ... (full story)