Katlyn Parker: Milford Asset Management analyst on the market response to today's OCR update - Heather du Plessis-Allan Drive

The Reserve Bank Governor has held the Official Cash Rate at 5.5 percent today, as expected by most economists.

Adrian Orr says there was discussion on whether to bring in a small hike, but the Monetary Policy Committee concluded holding was the right move.

Milford Asset Management's Katlyn Parker analyses the market reaction to this announcement.

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