New Zealand Central Bank on a Hiking Spree as Economic Climate Gets Hotter: Pollon November 23, 2021 at 8:14 am

BENGALURU—New Zealand’s central bank will raise rates for the second meeting in a row on Wednesday and continue with its tightening spree next year as it tries to put a lid on rising inflation and cool an overheated housing market, a Reuters poll found. Large amounts of fiscal and monetary stimulus injected to alleviate pandemic pain have helped the economy recover strongly and pushed inflation to its highest and the jobless rate to its lowest in over a decade. That has prompted financial markets to price in a series of interest rate rises through next year that economists have mostly matched in their forecasts. All but two of 23 economists in a Nov. 15–19 Reuters poll predicted the Reserve Bank of New Zealand (RBNZ) would raise the official cash rate by 25 basis points to 0.75 percent at its Nov. 24 policy meeting. Markets are fully pricing in a 25 …

Reuters

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No Stranger to Turmoil, Dutch Dealmaker Wynaendts Set for Deutsche Chair-Reuters

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