Despite the weak economic activity, New Zealand's central bank lifted its benchmark rate more aggressively than expected on Wednesday, as inflation remains too high and persistent. The Monetary Policy Committee of the Reserve Bank of New Zealand decided to raise the Official Cash Rate by 50 basis points to 5.25 percent. Markets had expected a quarter point hike. The RBNZ has now raised the OCR by ...
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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.