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Central Bank Meetings and Interest Rate Changes
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Overview
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New Zealand's central bank, the Reserve Bank of New Zealand (RBNZ), had a productive meeting with the new coalition government, focusing on reducing inflation. The RBNZ defended its use of the Māori language and warned of potential further hikes in interest rates. The New Zealand dollar jumped 1% following the decision, while Japan's Finance Ministry plans to raise the assumed interest rate on bonds in its annual budget proposal.
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How does the RBNZ's use of the Māori language in its communications reflect its approach to diversity and inclusivity?
How might the potential further hikes in interest rates impact New Zealand's economy and the New Zealand dollar?
What are the implications of Japan's Finance Ministry's decision to raise the assumed interest rate on bonds?
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