New Zealand central bank raised its key interest rate again by 50 basis points on Wednesday.
The Monetary Policy Committee of the Reserve Bank of New Zealand decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent. A similar higher rate was last seen in 2015.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.