Westpac published previews regarding the Reserve Bank of New Zealand's monetary policy amid rising inflation driven by the Iran conflict.
3 reports, 1 independent
Updated Jul 5
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What happened
Westpac published previews regarding the Reserve Bank of New Zealand's monetary policy amid rising inflation driven by the Iran conflict.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Westpac forecasts the Reserve Bank of New Zealand will raise the Official Cash Rate to 2.75 percent.Sub-event
Westpac provided policy previews for RBNZ, influenced by Iran-driven inflation.1 source
Keep exploring
Part of
The Reserve Bank of New Zealand is managing monetary policy, noting that geopolitical conflict in the Middle East is driving inflation above target range.Also in this story
- RBNZ policy remains open to rate increases as global shocks from the Middle East conflict impact the NZ economy.
- OCR hikes by the Reserve Bank of New Zealand are influencing fixed home loan rates due to geopolitical inflation risks.
The entities involved
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Reserve Bank of New Zealand
central bank of New Zealand
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Westpac
Australian bank and financial-services provider