The Reserve Bank lifted the OCR from 2.25% to 2.5%, its first rise in three years.

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.

The Reserve Bank lifted the OCR from 2.25% to 2.5%, its first rise in three years.

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