Cost of living: New Zealand steps up fight against soaring prices

The country’s central bank has raised its key interest rate to the highest level since 2009. …

“Hope is not a strategy. The RBNZ Monetary Policy Committee gets that, and deserves a pat on the back for facing the challenges head-on. If the facts change, they’ll change their minds. But right now, the fact is that high inflation is looking increasingly entrenched, and dithering would only make the problem worse,” ANZ Research said in a note to investors.

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