New Zealand hikes OCR again; Indonesia and South Korea hold firm

Reserve Bank of New Zealand

New Zealand: The Reserve Bank of New Zealand (RBNZ) raised its official cash rate (OCR) by 25 basis points for the third consecutive meeting today, citing inflationary pressures and a desire to return interest rates "to a more neutral level".

Annual CPI inflation has hovered around 1.5% since June 2013 – a level the RBNZ governor, Graeme Wheeler, described as "moderate" in a statement accompanying today's decision.

Nonetheless, Wheeler is concerned about the inflationary pressures created by the

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