New Zealand's central bank raised its Official Cash Rate to 2.5%, the first hike in three years, as Middle East tensions drive inflation toward a projected

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 Reserve Bank has raised the official cash rate for the first time in more than three years to tackle inflation pressures.

New Zealand's central bank raised its Official Cash Rate to 2.5%, the first hike in three years, as Middle East tensions drive inflation toward a projected

The Reserve Bank raised the official cash rate for the first time in more than three years to tackle inflation pressures, and signaled more increases this year.

The NZ dollar rose to US57.06c as inflation forecasts eased slightly.