Heather du Plessis-Allan DriveJenee Tibshraeny: NZ Herald Wellington business editor on what the Middle East conflict could do to inflation
The Reserve Bank says it's still unclear what today's Iran ceasefire announcement - and resulting dramatic fall in oil prices - mean for New Zealand.
The central bank's held the Official Cash Rate unchanged, at 2.25 percent.
It's working off the assumption inflation will surge to 4.2 percent this quarter.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
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