New Zealand interest rate hike raises pressure on central banks over inflation - short news
RBNZ could lift borrowing costs to 3% by 2023, economists say, as focus shifts to policymakers in US, UK and Europe
New Zealand’s central bank has lifted interest rates for the second time in as many months to 0.75%, with many forecasters expecting borrowing costs to rise to at least 2% by next year and possibly higher.
In a warning signal for central banks around the world as they struggle to contain inflationary pressures, the Reserve Bank of New Zealand (RBNZ) raised the..
source: The Guardian - 24.11.2021