WATCH: The timing around rate hikes is still uncertain as the Iran war keeps inflation higher for longer.
RBNZ governor warned the central bank would act ‘decisively and timely’ to raise the OCR if medium term inflation pressures were baked in and wages were rising.
WATCH: Dollars & Sense debates the economic fallout from the Iran war.
Interest rates could be 15 basis points higher, a paper obtained by NBR under the Official Information Act suggests.
WATCH: RBNZ chief economist discusses inflation pressures and New Zealand’s fragile economic recovery.
WATCH: Dr Anna Breman says the Monetary Policy Committee won’t jump on the immediate fuel shock.
RBNZ governor Anna Breman is delivering a speech on the immediate risks from the Iran conflict on inflation and growth.
The yield on the New Zealand 10-year bond has climbed more than 50 basis points since the start of the war in the Middle East.
Higher-for-longer inflation and sluggish economic growth could prove to be a particularly sour cocktail for the central bank.
The Government responds to weaker-than-expected GDP economic data, and outlines measures to help households amid Iran conflict.