RBNZ lifts OCR to 2.75% amid higher-inflation risks
The Reserve Bank of New Zealand raised the official cash rate to 2.75%, saying risks for higher inflation remain in play. The move matched market expectations.
By James GlynnSYDNEY--The Reserve Bank of New Zealand raised interest rates Wednesday, warning that risks for higher inflation remain in play for the economy.The central bank raised the official cash rate by 25 basis points to 2.75%, in line with market expectations."Recent elevated inflation is ex…