WELLINGTON (CU)_Just a week ago, the Australia and New Zealand Banking Group (ANZ) increased its interest rates, ahead of the much-anticipated raise in the official cash rate (OCR) by the Reserve Bank of New Zealand. Although analysts projected the central bank to announce an increase of 20 or 50 basis points in the OCR in its monetary policy statement on 18 August, the apex bank decided to postpone this on account of a community outbreak of the Delta variant of COVID-19, which prompted level 4 restrictions across the Pacific island nation.
Therefore, the multinational banking and financial service provider had to…
