BusinessQuiet 73d · day 73
RBNZ raises rates to 2.75%, signals further hikes amid persistent inflation
New Zealand's central bank lifts official cash rate and commits to continued tightening as price growth remains elevated.
What to know
- RBNZ raised the official cash rate to 2.75%, citing elevated inflation.
- The central bank signaled further rate increases in future decisions.
Reserve Bank of New Zealand (RBNZ) Central bank
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