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RBNZ likely to lift base interest rate on Wednesday
Monday 4th of October 2021
It is likely to double from its 19-month low of 0.25% to 0.50%.
At the same time, its name is being changed from the Official Cash Rate (OCR) to the Monetary Policy Review (MPR).
But this rose by any other name will still cost as much, and is expected to filter through and bring higher prices to any retail lending that has not already moved up in anticipation.
The...
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