RBNZ lifts OCR to 2.75%, says gradual tightening reduces risk of bigger hikes later
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The RBNZ's decision to hike by 25 basis points despite inflation already running at 4.1 percent, well above the top of its 1 to 3 percent target band, signals a central bank prioritising a gradual, telegraphed path over a more aggressive response to the current oil price shock. T
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