New Zealand’s central bank raised interest rates by 50 basis points to a more than 14-year high of 4.75 percent on Wednesday, and said it expects to keep tightening further to ensure inflation returns to within its target range over the medium term.
WELLINGTON –
Twenty of 25 economists in a Reuters poll forecast the Reserve Bank of New Zealand would move by 50 basis points, the tenth straight hike since it began tightening in October 2021.It continues to expect the cash rate to peak at 5.5 percent in 2023, according to the monetary policy statement .
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
40-day Lenten season begins on Feb. 22, Ash WednesdayThe 40-day Lenten season, a time of reflection, renewal, and repentance, will begin on Feb. 22, Ash Wednesday.
Read more »
WATCH: Sexbomb Girls reunite, perform new version of 'The Spaghetti Song' for new endorsementMiss seeing the Sexbomb Girls together? | via philstarlife
Read more »
Why do Christians wear ashes on Ash Wednesday?(1st UPDATE) Churches started to use ashes early as the ninth century as a symbol of repentance. In 1091, Pope Urban II ritualized their use to mark the beginning of Lent.
Read more »
Where do ashes for Ash Wednesday come from?(1st UPDATE) No, they don't burn random leaves or pieces of paper for Ash Wednesday
Read more »
Pagasa: Fair Wednesday weather in most parts of PHMANILA, Philippines — Generally fair weather with possible rain showers will prevail in most of the country on Wednesday, according to the state weather bureau. The Philippine
Read more »
Amihan to bring rain over parts of Luzon on Ash WednesdayThe northeast monsoon or amihan will bring cloudy skies and rains over various areas in Luzon on Wednesday, PAGASA reported.
Read more »