The Reserve Bank (RBNZ) faces a line ball call on whether to raise its benchmark interest rate for the first time in more than three years as oil prices fall back to pre-Middle East war levels, lessening the impact on inflation.

Markets think the odds are on a Reserve Bank rate hike, but economists are divided.

The Reserve Bank (RBNZ) faces a line ball call on whether to raise its benchmark interest rate for the first time in more than three years as oil prices fall back to pre-Middle…

The Official Cash Rate remains at 2.25% ahead of Wednesday’s RBNZ review.