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#1
13-03-2014, 07:10 PM
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Sam Leong Huat liao! New Zealand Dollar Soars on First Rate Hike in 3 Years
An honorable member of the Coffee Shop Has Just Posted the Following:
For the first time in 3 years, the Reserve Bank of New Zealand raised interest rates by 25bp to 2.75%. While the decision was widely expected, the New Zealand dollar still traded sharply higher because the central bank raised its inflation and growth forecasts and said rates will rise by 2% over the next 2 years. According to Governor Wheeler, today's rate increase was needed to keep a lid on inflation, which is becoming a bigger problem with inflationary pressures on the rise. http://www.fxstreet.com/analysis/dai...up/2014/03/12/ Click here to view the whole thread at www.sammyboy.com. 
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