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New Zealand Sees 4% Key Rate, Remains Global Tightening Leader

  • RBNZ brings forward peak rate to second quarter of next year
  • Says it remains appropriate to continue tightening ‘at pace’
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WATCH: RBNZ Governor Orr discusses policy and the economy after the central bank raised interest rates by a half percentage point.Source: RBNZ/Bloomberg
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New Zealand raised its key interest rate by another half-percentage point and sees it climbing to at least 4%, cementing the central bank’s place at the forefront of global tightening.