22/07/2026
Good article summarising the latest inflation figures.
At 4.1%, inflation isn't where anyone wants it to be, but importantly, it came in largely as expected.
So, what does that actually mean?
The Reserve Bank uses inflation as one of the key factors when making decisions about the Official Cash Rate (OCR), and banks price their lending rates with these expectations in mind. Because the result was in line with forecasts, it suggests the current outlook remains largely on track.
With economists still expecting at least two OCR increases over the coming months, we should see short-term interest rates continue to trend higher.
If you're wondering how this could affect your mortgage, refinance plans, or future repayments, get in touch. I'm always happy to talk through what the latest changes could mean for your situation and help you plan ahead.
Inflation hit a two year high as the full impact of the Middle East war made itself felt on prices.