NEW ZEALAND-OFFICIAL CASH RATE-INCREASE

NEW ZEALAND-OFFICIAL CASH RATE-INCREASE

(221123) -- AUCKLAND, Nov. 23, 2022 (Xinhua) -- People use ATM machines in Auckland, New Zealand, Nov. 21, 2022. New Zealand on Wednesday increased the Official Cash Rate (OCR) to its highest level since December 2008, with the rise of 75 basis points, also the biggest hike since 1999. The Monetary Policy Committee of the New Zealand Reserve Bank (RBNZ) increased the OCR from 3.5 percent to 4.25 percent to further curb the widespread inflation. (Photo by Zhao Gang/Xinhua)

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  • ILEA001061724
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