WELLINGTON: New Zealand is set to raise interest rates this week, the first advanced economy in the Asia-Pacific to begin normalising policy, as a powerful recovery unhindered by delta outbreaks shows signs of overheating.
The Reserve Bank of New Zealand (RBNZ) will lift the official cash rate (OCR) by a quarter percentage point to 0.5% at its review tomorrow in Wellington, according to 13 of 17 analysts surveyed by Bloomberg.
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