International Economic

NZ raises cash rate as Iran war pushes up inflation

By Frank Prenesti

Date: Wednesday 02 Sep 2026

(Sharecast News) - New Zealand's central bank on Wednesday lifted interest rates to 2.75% as higher energy prices caused by the Iran war drove a spike in inflation.
The widely-expected 25 basis point jump in the official cash rate - the second in succession - came after inflation that hit 4.1%...

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