New Zealand's central bank left its key interest rate unchanged on Wednesday after tightening the policy over the past twelve consecutive sessions. The Monetary Policy Committee of the Reserve Bank of New Zealand governed by Adrian Orr, decided to leave the Official Cash Rate at 5.50 percent, which was the highest rate since late 2008. The central bank has lifted the OCR by a cumulative 525 basis ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.