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 New Zealand dollar rose as high as $0.6246 after the decision, reflecting the hawkish tone of the statement, having traded as low as $0.6206 earlier.
"But the impacts of weather disasters will only make the RBNZ’s job of curbing inflation more challenging," he said.. While the rebuild will boost the economy and inflation - already an issue for the central bank - growth is set to slow in the short term as damage to crops and infrastructure hurt food exports and makes movement around the North Island challenging.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Meta launches subscription plans for Facebook, InstagramMeta is testing a new verification service called Meta Verified in New Zealand and Australia.
Weiterlesen »
75-year-old man found beaten to death in Coney Island apartmentPolice responded to a 911 call about a foul odor, indicating the victim had been dead for some time.
Weiterlesen »
Man, 75, murdered in NYC apartmentDonald Wallace, 75, was discovered unconscious and unresponsive inside his West 23rd Street apartment in NYCHA’s Carey Gardens complex in Coney Island after police responded to a 911 call the…
Weiterlesen »
Search for suspect and motive after 75-year-old man found dead inside Coney Island homeA 75-year-old man was found dead inside his Brooklyn home, and now police are searching for his killer. GainerTV has the latest on the investigation.
Weiterlesen »
75-Year-Old Man Found Beaten to Death Inside His NYC Home; No Arrests MadeHomicide detectives in New York City are looking into the death of a 75-year-old man found inside his home last week. Authorities say Donald Wallace was discovered beaten to death at his Brooklyn home off West 23rd Street in the Carey Gardens neighborhood. Officers responded around 5 p.m. Thursday after receiving a 911 call. An autopsy shows the man died…
Weiterlesen »
Rudy's Strudel celebrates 75 years with big Paczki Day/Fat Tuesday bashRudy's owner, Lidia Trempe says the bakery's strong community presence and decades of success wouldn't be possible without its strong customer base and constant support.
Weiterlesen »