New Zealand hikes rates to over 14-year highs, flags more to come; kiwi rallies
New Zealand's central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75% on Wednesday, and said it expects to keep tightening further as inflation remains too high, a hawkish signal that sent the local dollar surging. The Reserve Bank of New Zealand (RBNZ) said it…
#newzealand #northisland #rbnz #ocr #mps #nicktuffley #asb #adrianorr #auckland #cyclonegabrielle