14 Days
Source:
Sky News
New Zealand maintains interest rates
The New Zealand Central Bank has decided to keep the interest rate unchanged at 2.25 percent for the third consecutive time, despite a split among Monetary Policy Committee members regarding the decision. The bank anticipates that inflation will peak at 4.3 percent in the third quarter of this year, before decreasing to around 2.5 percent. The economy remains in a recovery phase with additional capacity and high unemployment rates, while rising fuel and essential good prices are impacting household purchasing power and corporate profitability.
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