New Zealand’s central bank hikes interest rate to more than 14-year high, flags more to come

New Zealand’s central bank hikes interest rate to more than 14-year high, flags more to come

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New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75 per cent on Wednesday, and said it expects to keep tightening further as inflation remains too high, a hawkish signal that sent the local dollar surging. The Reserve Bank of New Zealand (RBNZ)…

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