According to CoinMeta, New Zealand is facing a rebound in inflation, and economists expect interest rates to rise next week. Economists say that if the Reserve Bank of New Zealand (RBNZ) wants to control inflation, it will need to raise rates significantly, even if that means taking action 10 days before the general election. Although New Zealand's inflation rate fell slightly in the third quarter, many analysts expect it to accelerate to over 4% in the fourth quarter and may remain above the RBNZ's target range of 1% to 3% for an extended period, exceeding the central bank's previous forecasts. Rising fuel prices and a weaker New Zealand dollar are the main factors driving inflation. Most economists believe that the RBNZ will need to raise the official cash rate to 3% by next Wednesday. Smith, a senior economist at the Auckland ASB Bank, said that maintaining high inflation levels for an extended period is a major challenge. He expects the inflation rate to remain above 3% until the fourth quarter of 2027 and predicts that the RBNZ will raise rates on October 28.