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The Conversation
The Conversation
Rahul Sen, Senior Lecturer, Department of Economics and Finance, Auckland University of Technology

UNCOVERED: Interest rates have gone up again why it wont affect the prices that matter most - Caught on Camera

Inflation Reserve Bank the Reserve Bank of New Zealand New Zealand Oil
Hagen Hopkins/Getty Images

As anticipated, the Reserve Bank of New Zealand has raised the official cash rate (OCR) by 0.25 basis points to 2.75%.

This was arguably the bank’s most closely watched policy announcement of the year. Landing barely nine weeks before the November 7 election, the decision will ripple through mortgage rates, business confidence and household budgets.

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