Tag: Reserve Bank of New Zealand

New Zealand Central Bank Hikes Interest Rates by Highest in Over Two Decades

April 13, 2022
Asia & PacificBusiness & Economyeconomic policieseconomyinflationinterest rate hikenew zealand inflationReserve Bank of New ZealandWorld
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The Reserve Bank of New Zealand (RBNZ) has raised its official cash rate (OCR) by 50 basis points to 1.5 percent, its biggest such increase in 22 years amidst concerns about surging inflation. RBNZ’s Monetary Policy Committee decided on April 13 that it was best to tighten monetary conditions at a speed that will support…

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Housing Aspirations for New Zealanders in 2022

February 9, 2022
Asia & PacificAustraliaBusiness & Economynew zealand housingnew zealand. covid-19Reserve Bank of New ZealandWorld
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The COVID-19 pandemic has pushed many New Zealand (NZ) families to think broadly about the space they want to live in, as some feel ready to move out of the city for bigger houses and better lifestyles. A survey of 1,300 Kiwis, conducted by Westpac NZ, found that almost one-in-five people wanted a bigger house….

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