Header and navigation menu

Page content

RBNZ’s Breman signals earlier and steeper rate hikes

Reserve Bank of New Zealand (RBNZ) Governor Anna Breman said on Friday that the interest rates were likely to increase sooner and by more than previously signalled to combat inflation, Reuters reported.  The RBNZ decided to keep the Official Cash Rate (OCR) on hold at 2.25% at its May meeting on Wednesday. Three board members voted to raise interest rates by a quarter point while three voted to leave rates unchanged. [...]