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2026-04-08 10:02:14
The Reserve Bank of New Zealand's interest rate decision states that the magnitude of the near-term rise in headline inflation will depend on the evolution of the Middle East conflict and the extent and duration of disruptions to global supply chains and energy markets. The current economic situation differs from that of 2022. In 2022, the COVID-19 pandemic and the Russia-Ukraine conflict disrupted global supply chains and drove up energy prices. At that time, strong demand growth exacerbated inflationary pressures.
