RBNZ increases policy rate to 1%

Committee debated the possibility of increasing rates by 50bp

Reserve Bank of Australia

The Reserve Bank of New Zealand (RBNZ) increased the official cash rate by 25 basis points today (February 23).

The decision was widely expected due to the sharp increase in inflation recorded over the last few months, which has taken readings clearly over the mid-term target. Nonetheless, the central bank surprised analysts with the summary record of the meeting, when it says policy-makers debated the possibility of increasing interest rates by 50bp.

Additionally, the central bank decided to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.