Reserve Bank of New Zealand rate decision set for Wednesday
The Reserve Bank of New Zealand will finish its monetary policy meeting on Wednesday and announce its interest-rate decision.
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New Zealand's Central Bank Raises Interest Rate, Says More Lifts Likely
() -- The Reserve Bank of New Zealand on Wednesday decided to increase interest rates by 25 basis points, saying inflation remains elevated despite an improved near-term outlook. The bank's Monetary Policy Committee reached a consensus to lift the Official Cash Rate to 2.5% in order to reduce monetary stimulus to ensur