NZ cash rate at two per cent and rising

By Ben McKay
Updated May 25 2022 - 1:11pm, first published 1:05pm
A 50 basis point rate-hike reduces the risk of inflation becoming persistent, RBNZ's Adrian Orr says
A 50 basis point rate-hike reduces the risk of inflation becoming persistent, RBNZ's Adrian Orr says

The Reserve Bank of New Zealand has raised the official cash rate to 2.0 per cent, with warnings of more to come.

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