New Zealand raises interest rates in October by 25 basis points,...

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    New Zealand raises interest rates in October by 25 basis points, first rate rise in seven years.

    Meanwhile Reserve Bank of Australia and Federal Government are in a weird Mexican standoff with each other because let's face it it's an election year and no one want to cool
    a red hot property market which they created by lowering interest rates and lending money to banks at pretty much 0% interest.
 
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