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RBNZ Confirms Pause in Rate Increases for Now

Por: MarketWatch Business July 12, 2023

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The committee agreed that interest rates will need to remain at a restrictive level for the foreseeable future, to ensure consumer price inflation returns to the 1 to 3% target range while supporting maximum sustainable employment, the RBNZ said in a statement. The decision to hold interest rates steady came after data recently confirmed that New Zealand's economy was in recession as high interest rates and storm damage across the... + full article



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