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AAP
AAP
Ben McKay

Rates on hold in New Zealand even as inflation grows

Inflation New Zealand Anna Breman the Reserve Bank of New Zealand
The Reserve Bank of New Zealand, led by governor Anna Breman, has kept interest rates on hold. (Ben McKay/AAP PHOTOS)

Inflation is on the march in New Zealand - like seemingly everywhere - but the central bank is holding the line on rates.

The Reserve Bank of New Zealand (RBNZ) opted not to lift the official cash rate (OCR) beyond 2.25 per cent at its latest review on Wednesday.

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