RBNZ has pushed up the official cash rate to tame inflation
A line chart shows two lines corresponding with the consumer price index (annual % change) and official cash rate, from 2019 to 2023. Both hover around 2 per cent from 2019 to around 2020, when CPI increases, the cash rate drops, and then CPI rises steeply from March 2021, with the cash rate seeing a more moderate rise from 2022.