New Zealand raises interest rates by half-point, signals more aggressive hikes

May 25, 2022 10:55 AM

WELLINGTON (REUTERS) – New Zealand’s central bank raised interest rates by 50 basis points to 2 per cent on Wednesday (May 25), its fifth rate hike in a row as it seeks to get on top of inflation and signaled the cash rate would peak at a higher level than previously forecast.

Source : https://www.straitstimes.com/business/economy/new-zealand-raises-interest-rates-by-half-point-signals-more-aggressive-hikes