New Zealand hikes key interest rate to 4.75% despite cyclone

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand's central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation.