New Zealand central bank lifts official cash rate by 25 bps
New Zealand’s central bank raised the official cash rate by 25 basis points to 2.75%, aiming to return price growth to its 1% to 3% target range amid resurgent inflation.
New Zealand's central bank raised its official cash rate by 25 basis points to 2.75% on Wednesday, intensifying its fight against resurgent inflation and signalling a determination to return price growth to its 1% to 3% target range.The move was widely expected, with 27 of 31 economists polled by R…