Dow Jones Newswires: New Zealand central bank maintains rates, suggests they’ll stay high for a while

by | Aug 15, 2023 | Stock Market

SYDNEY — The Reserve Bank of New Zealand left interest rates unchanged as expected at a policy meeting on Wednesday, while indicating that interest rates will need to stay high for some time yet. The official cash rate was held steady at 5.50% as expected by economists. “The committee is confident that with interest rates remaining at a restrictive…

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