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flag New Zealand's central bank held interest rates steady, citing economic uncertainty and tighter financial conditions.

flag New Zealand’s central bank, led by Governor Anna Breman, signaled that the official cash rate (OCR) of 2.25% is likely to remain unchanged for the foreseeable future, despite a small chance of a near-term cut. flag Breman emphasized that monetary policy is not on a preset path, with the Reserve Bank closely monitoring economic data, inflation, and financial conditions ahead of its next decision in February. flag The central bank noted that financial markets have tightened beyond its projections, contributing to rising wholesale interest rates. flag In response, ANZ, New Zealand’s largest bank, raised fixed mortgage and term deposit rates, citing higher wholesale costs, while economists warned of ongoing uncertainty for borrowers.

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