At its meeting today, the Board decided to increase the cash rate target to 4.60 per cent.
Inflation remains elevated and some of the upside risks flagged in August are materialising.
The conflict in the Middle East has broadened and global energy prices are now much higher than had been assumed in the August forecasts.
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 rates and how they may affect you, or if you would like to review your finance options.
