Energy inflation + war uncertainty, central banks are caught in a dilemma; stabilizing first and then acting is the wise choice.

CryptoWorld News reports that economist Anthony Malouf stated that the Reserve Bank of New Zealand's policy meeting next week may keep interest rates unchanged. He added that although recent inflation has unexpectedly risen, mainly due to rising energy prices, increased uncertainty from the Iran war has caused domestic demand to remain soft. He expects the central bank to raise interest rates twice later this year, followed by another hike early next year, bringing the official cash rate to 3%.