New Zealand’s central bank raised its benchmark Official Cash Rate (OCR) by 25 basis points to 2.75 percent following months of warnings that it would have to tighten monetary policy to keep inflation from rising above the bank’s target.
The Reserve Bank of New Zealand (RBNZ) started warning investors and financial markets in July 2013 that would have to start to remove its stimulus and in January it it said interest rates had to return to normal levels and this adjustment was expected to start “soon.”
The Reserve Bank of New Zealand (RBNZ) started warning investors and financial markets in July 2013 that would have to start to remove its stimulus and in January it it said interest rates had to return to normal levels and this adjustment was expected to start “soon.”
