RBNZ tightens its grip on inflation

The central bank now expects even higher interest rates. (Image: Getty)

Wed, 23 Feb 2022

The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 1.0% and signalled plenty more to come. “The committee agreed that further removal of monetary policy stimulus is expected over time given the medium-term outlook for growth and employment, and the upside risks to inflation,” it said. Not only that, but rates are going higher than the central bank previously signalled. “What we have outlined today very clearly is where we see the end outcome for inter...

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