New Zealand central bank raises cash rate by 25 bps to 5.5%, at forecast peak

WELLINGTONĀ  -New Zealand’s central bank on Wednesday raised interest rates by 25 basis points to the highest in more than 14 years to 5.5 percent and reiterated inflation remains too high even as it still forecast a recession this year. The decision was in line with expectations from 21 of 25 economists in a Reuters … Continue reading New Zealand central bank raises cash rate by 25 bps to 5.5%, at forecast peak