Interest Rate Hike in New Zealand
Burc Oran
April 13, 2022
Interest Rate hike in New Zealand

The Central Bank of New Zealand increased the policy rate to 1.50 percent with an increase of 50 bases in response to the rising inflation.

The Reserve Bank of New Zealand made an aggressive interest rate move against high inflation. The bank increased the policy rate by 50 basis points to 1.50%. This is the highest rate hike decision in the last 22 years.

The decision came as a surprise to economists as well. Economists had expected a 25 basis point rate hike from the bank.

Against the rising inflation in the country, the central bank decided to increase the interest rates aggressively. Since October, the policy rate in the country has risen by 125 basis points.

Inflation in New Zealand had reached its highest level in 32 years.

Stay informed with market news by subscribing to our reading list.

FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.
The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

WARNING

Due to your regulatory authority, unfortunately, we cannot offer you our margin trading services.