Economics
RBNZ’s Biggest Hike in 22 Years Sounds Global Inflation Warning
- Lifts cash rate 50 basis points, to keep tightening ‘at pace’
- Says risk of persistent high inflation expectations increased
WATCH: N.Z. Raises Key Interest Rate to 1.50% From 1.00%
Source: Bloomberg
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New Zealand’s central bank delivered its biggest interest-rate increase in 22 years, signaling that policy makers around the world may need to step up efforts to get inflation under control.