The Reserve Bank of New Zealand decided to raise the policy rate for the second consecutive meeting, increasing it by 0.25 percentage points to 2.75%. The announcement was made on 2 September. The report does not mention the possibility of follow-up coverage.
The Reserve Bank of New Zealand raised the policy rate by 0.25 percentage points to 2.75% at its monetary policy meeting.
The rate increase was reportedly the second consecutive meeting at which rates were raised.