RBNZ unexpectedly holds rates at 2.75% in split vote, signals further hikes likely - Yahoo Finance Singapore

Investing.com -- The Reserve Bank of New Zealand held its official cash rate at 2.75% on Wednesday, defying expectations for a 25-basis-point increase as policymakers weighed easing headline inflation against persistent underlying price pressures and an uneven economic recovery. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The Monetary Policy Committee voted 4-3 to keep the OCR unchanged, with three members favouring an increase to 3.00%. The decision followed two previous rate hikes as the central bank sought to contain inflation risks linked to higher global energy prices. New Zealand's benchmark NZX 50 index fell 0.