New Zealand’s Central Bank Lifts Interest Rates by 0.5%!

Adrian Orr, RBNZ Governor said they were listing the Official Cash Rate by 0.5% today, with a peak of 5.5% still on the cards. The recent Cyclone may also add additional inflationary pressure.

He also highlighted the importance of cash – and branches – at a time of crisis, like when the power goes out. And the risks to social cohesion when this is ignored. Just wow!

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Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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