New Zealand dollar jumps 1% as central bank holds rates, warns of more hikes
Publishing timestamp: 2023-11-28 22:12:20
Summary
The New Zealand dollar jumped 1% against the US dollar after the Reserve Bank of New Zealand held its official cash rate at 5.5% and warned that rates could go higher to tackle inflation. The currency is down 2.5% for the year and the central bank noted that inflation remained too high. The benchmark stock index, S&P/NZX 50, rose 0.5% after the interest rate decision.
Sentiment: POSITIVE
Keywords: new zealand, asia news, asia economy, china, new zealand dollar, debt and bond markets, stock markets, forex markets, business news, currency markets,