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The Independent UK
The Independent UK
National
Nick Perry

New Zealand hikes interest rate to 4.25% to fight inflation

Inflation New Zealand Adrian Orr Interest Rates
Copyright 2019 The Associated Press. All rights reserved.

New Zealand's central bank hiked interest rates Wednesday by a record amount as it tries to get inflation under control.

The Reserve Bank of New Zealand increased its benchmark rate by three-quarters of a point to 4.25%.

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