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.

LISTEN ABOVE

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.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jenee Tibshraeny: NZ Herald Wellington business editor on what the Middle East conflict could do to inflation

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c1799d0b-d9ab-426b-a6e7-b426008857fc/transcript