New Zealand's central bank on Wednesday hiked interest rates for the first time in seven years and signalled further tightening to come, as it looks to get on top of inflationary pressures and cool its red-hot housing market.
In neighbouring Australia, the central bank held interest rates at a record low 0.1% for an 11th straight month on Tuesday.
"What they were forecasting still remains valid, which means we're on a path towards a series of rate hikes and the market is well priced for that," he added. The South Pacific nation has enjoyed a rapid economic recovery since a COVID-driven recession last year, partly because it eliminated coronavirus and reopened its economy before others.
"Demand shortfalls are less of an issue than the economy hitting capacity constraints...," the RBNZ Committee noted in the minutes of the meeting.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
New Zealand battles new surge in Covid-19 casesPrime Minister Jacinda Ardern expressed concerns about a return to zero coronavirus cases becoming unattainable, with the spread of the Delta variant leading to a change of policy.
Baca lebih lajut »
New Zealand Gives Up On ‘Zero Covid’ Strategy Amid Persistent Delta Variant OutbreakAcknowledging the delta variant as a “game-changer,” New Zealand Prime Minister Jacinda Ardern said it could not be eliminated even with long-term restrictions.
Baca lebih lajut »
New Zealand admits it can no longer get rid of coronavirusWELLINGTON, New Zealand (AP) — New Zealand's government acknowledged Monday what most other countries did long ago: It can no longer completely get rid of the coronavirus. Prime Minister Jacinda Ardern announced a cautious plan to ease lockdown restrictions in Auckland, despite an outbreak there that continues to simmer.
Baca lebih lajut »
New Zealand drops 'Covid zero' goal after Delta outbreakPrime Minister Jacinda Ardern admitted Monday that New Zealand's widely praised 'Covid zero' strategy had failed to halt a stubborn outbreak in Auckland and said a new approach was needed.
Baca lebih lajut »
New Zealand to abandon zero-Covid as Delta proves hard to shakeNew Zealand will begin to move away from a zero-Covid strategy toward living with the virus, Prime Minister Jacinda Ardern said Monday, becoming the latest country to abandon its elimination attempts in the face of the highly-contagious Delta variant.
Baca lebih lajut »
A New Pizza Joint That Feels Like It’s Been There ForeverConsidering the almighty slice at Mo’s General in Williamsburg.
Baca lebih lajut »