Oil crisis, rising prices: Reserve Bank on what it would take to hike interest rates | Stuff.co.nz
With petrol prices fuelling inflation, the Reserve Bank's Chief Economist gave an update on Wednesday on when the central bank may need to respond with interest rate hikes. Paul Conway says the rise in petrol prices is a symptom of the Middle East war, and beyond New Zealand's control, but if businesses here start baking in higher prices, that is when the Reserve Bank will take action to keep the cost of living under control. Zane Small explains. ----------------------------------------------------------------------------------------------------- Stuff NZ is New Zealand’s essential news source — bringing you live, lively and trustworthy journalism from every corner of Aotearoa. Stay informed with breaking news, in-depth stories, and the latest updates that matter to Kiwis. We upload daily, keeping you connected with the people, places and issues shaping New Zealand today. ----------------------------------------------------------------------------------------------------- Social media channels: TikTok: / nzstuff Instagram: / nzstuff
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