Media release The Monetary Policy Committee today reached consensus to increase the OCR by 25 basis points to 2.50 percent. Following the partial reopening of the Strait of Hormuz, global oil prices have fallen markedly. Other petrochemical prices have also moved lower. As a result, near-term inflation pressures have eased. Although energy prices have decreased, […]
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The New Zealand dollar received the boost that normally accompanies a rate hike, but the rally quickly lost momentum. The Reserve Bank of New Zealand delivered a widely anticipated 25 basis point increase in the Read more…
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