RBNZ set to raise benchmark interest rate despite previously signalled pause
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The Reserve Bank is expected to increase the official cash rate by 25 basis points. This change would bring the rate to 3.0 percent. This move would mark the third consecutive rate increase. It would also represent the highest official cash rate level seen in a year. This action comes despite a previously indicated pause.
The Reserve Bank is expected to raise the official cash rate by 25 basis points to 3.0 percent, the third consecutive rate rise and the highest OCR level in a year.