New Zealand expected to deliver record rate hike as inflation persists By Reuters

New Zealand expected to deliver record rate hike as inflation persists By Reuters

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By Lucy Craymer WELLINGTON (Reuters) - New Zealand's central bank on Wednesday is expected to deliver its biggest rate hike and outline a more hawkish monetary tightening path in coming months as it tries to rein in stubbornly high inflation. The Reserve Bank of New Zealand (RBNZ) is set to raise…

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