NZ lifts cash rate as Iran war boosts inflation
New Zealand’s official cash rate was raised by 25 basis points, the second consecutive increase. June-quarter inflation hit 4.1%. Policymakers said the move reduces the risk of larger later hikes and were dovish on the future rate path.
The widely-expected 25 basis point jump in the official cash rate - the second in succession - came after inflation that hit 4.1% in the June quarter.Policymakers said the latest rise would cut the risk of having to raise rates by a larger amount later and were dovish on the future path of rates.“F…