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29 Mar 2024 21:04
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  •   Home > News > Business

    The Reserve Bank's warning interest rates will keep rising

    The Reserve Bank's warning interest rates will keep rising


    Governor Adrian Orr and his Monetary Policy Committee hiked the official cash rate half a point to 3 percent today.

    But Orr says given inflation's likely to stay high longer, interest rates will also continue to rise - as the bank battles to rein in inflation.

    He says the committee agreed it was appropriate to continue to tighten monetary conditions at pace, to maintain price stability and contribute to maximum sustainable employment.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
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     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
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    RUGBY RUGBY
    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



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