New Zealand's Central Bank Holds Interest Rate at Record Low

New Zealand's central bank kept its main interest rate at a record low, dismissing the inflationary impact of rising fuel prices. The decision came after a US-Iran ceasefire deal.

The Reserve Bank of New Zealand kept its main interest rate at a near-four-year low, reaffirming that it will ignore the initial inflationary impact of rising fuel prices. This decision came just hours after the United States and Iran agreed to a temporary ceasefire.

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