Above the fold – Economist

Quick note about the increase in New Zealand’s interest rate from The Economist’s blog free exchange.

The Reserve Bank of New Zealand on Thursday raised interest rates for the third time since March. The central bank based the increase to 8% on inflationary pressures due to housing demand, consumer spending and increased world prices of dairy products. The New Zealand dollar rose to 75.67 US cents, the highest since March 1985, and further attracting investors.

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One Response to Above the fold – Economist

  1. MG says:

    Interesting drop in sharemarket values this morning, generally across the board, from the interest rate lift yesterday.

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