New Zealand central bank raised its key interest rate by 50 basis points for the fifth straight meeting and signaled more tightening going forward.
The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 3.50 percent from 3.00 percent.
The bank has tightened its monetary policy by 325 basis points over the last eight consecutive meetings. A similar higher rate was last seen in 2015.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.