(Bloomberg) -- New Zealand's dollar fell and bonds
rose after the nation's central bank signaled today's increase
in interest rates to a record 8.25 percent may be the last.
The local dollar slid against all 16 most-active currencies
after the fourth straight increase, which was predicted by 12 of
16 economists surveyed by Bloomberg. Reserve Bank Governor Alan
Bollard said higher rated should ``contain inflation'' and the
currency's 28 percent rally against the U.S. dollar in the past
12 months is ``not sustainable.''
Read more at Bloomberg Currencies News
rose after the nation's central bank signaled today's increase
in interest rates to a record 8.25 percent may be the last.
The local dollar slid against all 16 most-active currencies
after the fourth straight increase, which was predicted by 12 of
16 economists surveyed by Bloomberg. Reserve Bank Governor Alan
Bollard said higher rated should ``contain inflation'' and the
currency's 28 percent rally against the U.S. dollar in the past
12 months is ``not sustainable.''
Read more at Bloomberg Currencies News
No comments:
Post a Comment