New Zealand hikes key interest rate to 4.75% despite cyclone

New Zealand’s central bank has raised its benchmark interest rate by a half-point to 4.75% as it continues trying to wrestle down inflation

3 months ago·United States

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KRDO

New Zealand hikes key interest rate to 4.75% despite cyclone

By NICK PERRY Associated Press CHRISTCHURCH, New Zealand (AP) — New Zealand’s central bank has raised its benchmark interest rate by a half-point to 4.75% as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is already inflicting on many people. The bank said that over time, the cyc…

3 months ago·Colorado Springs, United States

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KIFI

New Zealand hikes key interest rate to 4.75% despite cyclone

By NICK PERRY Associated Press CHRISTCHURCH, New Zealand (AP) — New Zealand’s central bank has raised its benchmark interest rate by a half-point to 4.75% as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is already inflicting on many people. The bank said that over time, the cyc…

3 months ago·Idaho Falls, United States

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The Hill

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand’s central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is…

3 months ago·Washington, United States

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MY Northwest

New Zealand hikes key interest rate to 4.75% despite cyclone

CHRISTCHURCH, New Zealand (AP) — New Zealand’s central bank raised its benchmark interest rate by a half-point Wednesday to 4.75% as it continues trying to wrestle down inflation. The increase, which can raise the borrowing costs for consumers on everything from credit cards to mortgages, comes despite the economic pain that a devastating cyclone is already inflicting on many people. The bank said that over time, the cyclone rebuild will only a…

3 months ago·Tacoma, United States

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