RBNZ Set To Raise Interest Rate To 2.75% As Inflation Pressures Persist
4 Articles
4 Articles
This interest rate rise is entirely, 100% the government’s fault
National takes full credit when interest rates drop. It’s only fair it gets the blame when they rise. Nicola Willis quickly blamed everyone but the government for the Reserve Bank’s decision to raise the official cash rate to 2.75% this afternoon. The move was aimed at taming inflation, which rose to its highest level in two years in the June quarter. But that was mainly due to offshore events that National didn’t instigate, the finance minister…
The Reserve Bank of New Zealand (the central bank) announced at its monetary policy meeting on August 2 that it would raise its policy interest rate by 0.25 percent to 2.75 percent. This marks the second consecutive interest rate hike, following the one in July.
RBNZ Set To Raise Interest Rate To 2.75% As Inflation Pressures Persist
BitcoinWorld RBNZ Set to Raise Interest Rate to 2.75% as Inflation Pressures Persist The Reserve Bank of New Zealand (RBNZ) is set to raise its official cash rate (OCR) to 2.75% at its upcoming monetary policy meeting, according to market expectations and analyst consensus. This move, widely anticipated by economists, would mark another step in the central bank’s tightening cycle aimed at curbing persistent inflation. Why the RBNZ […] This post …
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