New Zealand’s central bank lifts rates to 2%, the highest level since 2016

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New Zealand’s central bank lifts rates to 2%, the highest level since 2016
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Reserve Bank ‘resolute in its commitment’ to keep inflation in the 1-3% target range, signalling further rate rises may still be needed

New Zealanders could feel rising living costs bite down harder in the next few months, as the central bank lifts interest rates by half a percentage point to 2% – its highest level since 2016.

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