RBNZ governor’s tiebreaking vote keeps rates on hold
New Zealand central bank says rate increases likely at future meetings
New Zealand’s central bank kept interest rates unchanged at 2.25% today (May 27) after its governor cast a tiebreaking vote to settle a 50:50 split of opinion among its board members.
The Reserve Bank of New Zealand (RBNZ) issued a statement today that said the Middle East conflict was expected to cause weaker economic growth and higher inflation in the near term. The statement said that all six members of the RBNZ’s monetary policy board agreed on these projections, “however, members differed in
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