New Zealand’s central bank raised its benchmark rate by another 50 basis points and hinted at more to come as policymakers focused on inflation pressures and capacity constraints. The Monetary Policy Committee of the Reserve Bank of New Zealand on Wednesday decided to lift the Official Cash Rate to 3.00 percent from 2.50 percent. The outcome of the meeting came in line with expectations.
Read Full Story
- Dollar Retreats After Hitting Fresh 2-decade High - September 28, 2022
- U.S. Pending Home Sales Slump More Than Expected In August - September 28, 2022
- Bank Of England Intervenes In Bond Market To Restore Stability - September 28, 2022