Reserve Bank of New Zealand raises interest rates by 0.5%

Reserve Bank of New Zealand raises interest rates by 0.5%

• The Reserve Bank of New Zealand raised interest rates by 0.5percent, or 50 basis points, to 1.50 percent on yesterday. It is the fourth hike in a row as the central bank seeks to tame sharply rising inflation. T
• he central bank in a statement said the hike, which was its biggest increase in more than 20 years, was intended to take the cash rate to a more neutral stance and reduce the risk of rising inflation expectations.

Published date : 18 Apr 2022 06:29PM