OCR on hold as Middle East war turns to ceasefire
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.
RBNZ Governor Anna Breman.
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The Reserve Bank has left the official cash rate on hold at 2.25%, while it predicts inflation will nudge over 4% because of the Middle East war.
The decision was widely expected by economists as the central bank attempts to keep a lid on inflation over the medium term and ride out this current
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