(Bloomberg) -- New Zealand's central bank raised its
benchmark interest rate to a record 8.25 percent, and said its
fourth increase this year may be enough to contain inflation.
``New Zealanders have been showing early signs of moderating
their borrowing,'' Reserve Bank Governor Alan Bollard said in a
statement released in Wellington today. ``Provided they keep this
up, and the pressure on resources continues to ease, we think the
four successive rate increases we have delivered will be sufficient
to contain inflation.''
Read more at Bloomberg Bonds News
benchmark interest rate to a record 8.25 percent, and said its
fourth increase this year may be enough to contain inflation.
``New Zealanders have been showing early signs of moderating
their borrowing,'' Reserve Bank Governor Alan Bollard said in a
statement released in Wellington today. ``Provided they keep this
up, and the pressure on resources continues to ease, we think the
four successive rate increases we have delivered will be sufficient
to contain inflation.''
Read more at Bloomberg Bonds News
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