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Economy

New Zealand hikes rates for 2nd straight month as inflation looms

Central bank says more stimulus on horizon despite OCR rise to 0.75%

Houses in New Zealand have doubled in price over the past seven years while inflation continues to rise amid stronger economic activity due to the easing of coronavirus curbs.   © AP

WELLINGTON (Reuters) -- New Zealand's central bank lifted interest rates for the second time in as many months on Wednesday, driven by rising inflationary pressures and as an easing of coronavirus restrictions supported economic activity.

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