
By Stephen Wright
WELLINGTON, New Zealand–New Zealand’s central bank raised its benchmark interest rate by 50 basis points for a third consecutive meeting Wednesday, as it tries to dampen decades-high inflation, and vowed further increases.
The rate decision lifts the cash rate to 2.5% and is the Reserve Bank of New Zealand’s sixth increase…
What's your reaction?
Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0