The Reserve Bank's kept the Official Cash Rate unchanged at 2.25 percent

It's reached a consensus decision, in line with expectations.

The central bank reckons the economy's improving, unemployment's gradually easing, and inflation should be back under three-percent this quarter.

Steep hikes in electricity prices and council rates, and volatile food and international costs, have been pushing inflation up.

But stable import prices and the rising Kiwi dollar are expected to push tradable inflation down.