New Zealand Raises Interest Rates Amid Inflation Crisis

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New Zealand’s Central Bank has raised interest rates by 0.5 of a percentage point to 2 percent.

This was announced in a statement issued by the Reserve Bank of New Zealand, RBNZ, on Wednesday.

According to the statement, the New Zealand dollar hit a three-week high of $0.65.

It added that the increase took the cash rate to its highest since November 2016.

Written by: bossgmsi

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Navy Rescues Kidnapped Victims in Rivers

The Nigerian Navy has rescued seven kidnapped victims who were taken hostage along Rivers/ Bayelsa waterways. A statement issued on Tuesday by the Base Commander, NNS Pathfinder in Port Harcourt, Suleiman Ibrahim, disclosed that the abduction of the victims was masterminded by one Victor Padi. The statement assured residents of the State who transit through the waterways of their safety, adding that the Nigerian Navy will continue to police the […]

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