Brand new Zealand central financial institution rate increase

Brand new Zealand central financial institution rate increase

October 1, 2021 Off By Sindy Thompson

Source : Reuters

Business & Finance

Reuters was 49 seconds ahead on May 26 with news that the Reserve Bank of New Zealand projects a full rate rise by the third quarter of next year and further increases after that – a hawkish surprise that sent the New Zealand dollar surging and bonds tumbling.

Market Impact

The New Zealand dollar jumped more than half a cent versus the U.S. currency immediately after the release and pulled up the Aussie dollar in its wake, while New Zealand two-year yields rose 9 basis points.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters News First

Sectors: FX & Fixed Income

Regions: Europe

Countries: New Zealand

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

Source: Reuters