SCHWpD

The Charles Schwab Corporation Depositary Shares each representing 1/40th interest in a share of 5.9

25.1000
USD
0.60%
25.1000
USD
0.60%
24.2200 25.9300
52 weeks
52 weeks

Mkt Cap 753.00M

Shares Out 30.00M

Chat
Send me real-time posts from this site at my email

RBNZ raises cash rate by 50 bps to 2.0%

WELLINGTON, May 25 (Reuters) - New Zealand's central bank raised interest rates by 50 basis points to 2.00% on Wednesday, its fifth rate hike in a row as it seeks to get on top of inflation. All but one of 21 economists in the Reuters poll forecast the Reserve Bank of New Zealand (RBNZ) would hike the official cash rate (OCR) by 50 basis points to 2.00%. One economist expected a 25 basis point hike. "A larger and earlier increase in the OCR reduces the risk of inflation becoming persistent, while also providing more policy flexibility ahead in light of the highly uncertain global economic environment," the RBNZ said in a statement. (Reporting by Lucy Craymer; Editing by Sam Holmes) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue