WELLINGTON (Reuters) -- New Zealand's central bank delivered a third straight interest rate hike on Wednesday that took borrowing costs back to pre-pandemic levels and signalled a more aggressive tightening path to counter rising inflation.
All but one of the 20 economists in a Reuters poll predicted the Reserve Bank of New Zealand's (RBNZ) 25-basis point hike in the official cash rate (OCR) to 1.0%. One poll respondent expected a 50-basis point hike.
