Central Banks
New Zealand Keeps Rates on Hold Amid Inflation, Trade Uncertainty
The Reserve Bank of New Zealand building in Wellington, New Zealand.
Photographer: Mark Coote/BloombergNew Zealand’s central bank left interest rates unchanged, pausing after six straight cuts as inflation quickens, but said it expects to ease them further if price pressures abate.
The Reserve Bank’s Monetary Policy Committee held the Official Cash Rate at 3.25% Wednesday in Wellington, as expected by 19 of 23 economists in a Bloomberg survey. Four predicted a quarter-point reduction.