The Reserve Bank has given borrowers some Easter respite after it decided to hold the official cash rate steady at 3.6% at its board meeting yesterday. It’s the first time the central bank has hit the pause button since May last year. Governor Philip Lowe says they’ve opted to wait and see how the economy fares this month, with early signs previous rate hikes were impacting consumer spending and taking the heat out of inflation. He also said the economy faced “considerable uncertainty” following recent concerns about the global banking system. Lowe warns future rate hikes may be needed to tame inflation to the bank’s target range of 2-3% – but reckon it’s probably peaked and is now on the decline. And watch out, thrillseekers: Lowe will talk it though in a National Press Club address in Sydney this arvo.