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FX Desk

RBNZ set to raise interest rate to 2.75% with consensus expected

By FXStreet

RBNZ set to raise interest rate to 2.75% with consensus expected

The Reserve Bank of New Zealand (RBNZ) is on track to deliver a follow-through interest rate hike, raising the Official Cash Rate (OCR) by another 25 basis points (bps) from 2.50% to 2.75% on Wednesday.

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Source: FXStreet