New Zealand ends ultra-low interest rates, signals more hikes

October 06, 2021 11:31 AM

WELLINGTON (REUTERS) – New Zealand’s central bank on Wednesday (Oct 6) hiked interest rates for the first time in seven years and signalled further tightening to come, as it looks to get on top of inflationary pressures and cool its red-hot housing market.

Source : http://www.straitstimes.com/business/economy/new-zealand-ends-ultra-low-interest-rates-signals-more-hikes