Economics
New Zealand Inflation Outpaces Forecasts at Fresh 32-Year High
- Annual rate rises to 7.3%, exceeding central bank’s projection
- RBNZ will need to raise rates even more aggressively: ANZ Bank
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New Zealand inflation accelerated more than expected in the second quarter to a fresh 32-year high, fueling bets that the central bank will need to continue raising interest rates aggressively.