The Bank of New Zealand is likely toสมัครสมาชิก SLOTXOraise interest rates at its August meeting again after last week raised interest rates by 0.50%, bringing New Zealand's current policy rate at 2.5% to curb inflation. After finding the latest second-quarter inflation figure, it jumped to 7.3%, the highest in 32 years.
On July 18, 2022, Bloomberg reported that New Zealand announced its second-quarter inflation rate of 7.3% from the previous quarter's 6.9%, higher than the 7.1 percent expected by economists.
Amid the situation where many central banks around the world have accelerated policy rate hikes. to control inflation This is a consequence of the situation where the demand for goods (demand) in the market is higher than the ability to produce (supply) due to the war in Russia-Ukraine.
The Reserve Bank of New Zealand recently raised interest rates by 0.50% last week. by accepting the interest rate hike for the 3rd time in a row, resulting in the present New Zealand has a policy interest rate of 2.5% and it is likely the central bank will continue to pursue appropriately austere monetary policy.
While the New Zealand dollar is gaining somewhat or the inflation announcement? Because investors speculate that The Reserve Bank of New Zealand (RBNZ) will pursue a more intense interest rate policy. and pushing up interest rates
Reuters reported that New Zealand's second-quarter consumer price index (CPI) rose to 7.3%, accelerating from a 6.9 percent increase in the first quarter and the fastest since the June quarter of 1990, in 32 years.
The New Zealand dollar rose 0.5% and the two-year swap rate rose 11 points to 4.15 percent as investors expected. The central bank will raise interest rates again at its August meeting.
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