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Weekly economic update

Fortnightly Economic Update - 19 August 2022

Issue date: 
Tuesday, 23 August 2022
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Document Date: 
Friday, 19 Aug 2022
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  • The Reserve Bank of New Zealand increased the Official Cash Rate to 3.0%
  • Demand shows early signs of easing
  • Global inflation may have peaked but labour markets remain tight
Last updated: 
Tuesday, 23 August 2022