RBNZ Lifts Rates to 7Year High in Hawkish Rush
SYDNEY, Oct 5 Reuters New Zealand39;s central bank on Wednesday lifted interest rates to a sevenyear high and promised more pain to come as it struggles to cool redhot inflation in an overstretched economy. The Reserve Bank of New Zealand39;s RBNZ policy committee raised its official cash rate by 50 basis points to 3.5, the […]