Wake Up Call: putting the brakes on inflation

Wake Up Call: putting the brakes on inflation
The Reserve Bank of Australia yesterday decided to leave rates on hold. (Image: Deposit Photos)
Staff reporters
Summary The Reserve Bank of New Zealand is expected to begin hiking interest rates today to combat rising inflation. Aucklanders waking up to new freedoms this morning still won’t be able to go to cinemas to see the new Bond movie and the latest Marvel sequel filling theatres around the world and giving hope to cinema chains.Rates hike The RBNZ is expected to hike interest rates by 0.25% in today’s monetary policy review, as one of the first central banks in the world to start putting the brakes on inflation. The Rese...