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.
The fragile economic recovery is now expected to take longer to mature as global conflict puts pressure on prices.
Economists reckon there was modest economic expansion at the end of 2025, as all eyes now turn to risks from the Iran war.
New Governor Anna Breman is getting out and speaking with businesses this month to gauge the health of the economy.