New Zealand interest rates jump 0.5pc in 'highly uncertain' environment, ASX lifts on surging oil price - ABC News

New Zealand announces its fourth straight interest rate hike, US consumer prices rise at their fastest pace since 1981, while surging commodity prices boost the Australian share market.

New Zealand's Reserve Bank (RBNZ) has raised interest rates by a hefty 50 basis points to 1.5 per cent on Wednesday, a level not seen since June 2019. Key points:

• The Fed is expected to lif… [+8917 chars]
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