1 of 1
Story summary
- Reserve Bank of New Zealand raised the Official Cash Rate to 2.75% on Wednesday.
- It was the second consecutive 0.25-percentage-point hike this year.
- Governor Anna Breman said another rise is likely, but timing remains uncertain.
- Finance Minister Nicola Willis attributed the recovery to exports rather than house prices.
- Inflation rose to 4.1% in Q2, with core inflation steady at 2.7%.
