Today news
About the same in other media
New Zealand interest rate hike raises pressure on central banks over inflation
Reading now: 135
New Zealand’s central bank has lifted interest rates for the second time in as many months to 0.75%, with many forecasters expecting borrowing costs to rise to at least 2% by next year and possibly higher.
In a warning signal for central banks around the world as they struggle to contain inflationary pressures, the Reserve Bank of New Zealand (RBNZ) raised the official cash rate by 25 basis points to 0.75% as expected in its final policy meeting of the year on Wednesday.
The RBNZ said further stimulus easing may be needed. “The committee expected that the rate would need to be progressively increased and, conditional on the economy evolving as expected, the rate would probably need to be raised above its neutral rate,” minutes of its meeting
Read more on theguardian.comAbout this in other media
Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv Duvvuri Subbarao moneycontrol.com /2 years ago
‘We are definitely almost there,’ Zimbabwe’s central bank governor on CBDC ambcrypto.com /2 years ago
China’s Central Bank Cuts Reserve Requirement Ratio for Banks wsj.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
