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New Zealand’s central bank lifts rates to 7-year high in hawkish rush

New Zealand’s central bank lifts rates to 7-year high in hawkish rush

SYDNEY — New Zealand’s central bank on Wednesday lifted interest rates to a seven-year high and promised more pain to come as it struggles to cool red-hot inflation in an over-stretched economy. The Reserve Bank of New Zealand’s (RBNZ) policy committee raised its official cash rate by 50 basis points to 3.5%, the fifth such […]

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