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NEW ZEALAND HIKES KEY INTEREST RATE

Rob Wile   

NEW ZEALAND HIKES KEY INTEREST RATE

New Zealand

TripAdvisor

New Zealand has increased its key interest rate to 3.25% from 3%.

The Reserve Bank of New Zealand said it expects the Kiwi dollar to decline with commodity prices. The country is a major agricultural exporter.

The Kiwi currency was slightly higher Wednesday.

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