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وكالة الأنباء القطرية
NZ Central Bank hikes rates to 2.75%
The Reserve Bank of New Zealand raised interest rates by 0.25 percentage points to 2.75%, the highest level since August 2025, in an effort to curb inflation, which rose to 4.1% in the second quarter of 2026. This increase was driven by higher fuel prices resulting from the conflict in the Middle East. The decision reflects the bank's intention to bring inflation back to the 2% target by mid-2027, while continuing to support economic growth and the labor market. Expectations indicate that the economy will continue to recover through external demand, rising exports, and investment in export-oriented sectors.
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