At its latest meeting, the Reserve Bank Board announced it was keeping the cash rate on hold at 4.35 per cent.
The latest data show that headline and underlying inflation are still too high. Oil prices have eased in recent weeks, although energy and most related commodity prices remain higher than they were prior to the conflict in the Middle East.
There are signs that some firms experiencing cost pressures are increasing the prices of their goods and services and others are looking to do so. Short-term measures of inflation expectations have eased but remain higher than earlier in the year.
Please click here to view the Statement by the Monetary Policy Board: Monetary Policy Decision.
Please get in touch if you would like to discuss recent rate movements or if you would like to review your finance options.
