 "loan, borrowing")
New Zealand's central bank raised interest rates by 25 basis points on Wednesday, a third consecutive hike that brings borrowing costs to pre-pandemic levels, and said it would sell bonds as it looks to counter rising inflation.
All but one of the 20 economists in a Reuters poll had expected RBNZ to hike rates by 25 basis points to 1.0%, while one was poised for a 50 basis point hike. But RBNZ flagged a more aggressive tightening path, which sent the New Zealand dollar soaring over 0.5% to $0.6765 after the announcement.
"The Committee agreed it remains appropriate to continue
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