The Reserve Bank of New Zealand just raised interest rates.
The RBNZ raised its benchmark interest rate to 3.5% from 3.25%.
Here's the full statement from the central bank:
Statement issued by Reserve Bank Governor Graeme Wheeler:
The Reserve Bank of New Zealand hiked its official cash rate by a quarter point to 3.5%. "Global financial conditions remain very accommodative and are reflected in low interest rates, narrow risk spreads, and low financial market volatility....
CANBERA (dpa-AFX) - The NZ dollar strengthened against the other major
currencies in the Asian session on Monday as traders look ahead to the Reserve
Bank of New Zealand's interest rate announcement, due this week.
The Reserve Bank of New...
Philippine food-maker Universal Robina bought New Zealand's biggest snack-food producer Griffin's Foods for $608 million, giving it a strong cookie manufacturer to incorporate into its vast Asian distribution network.
The weekend is over and stocks are doing nothing.
The Nikkei is closed for a holiday.
U.S. futures are flat, as is t
he New Zealand stock exchange. Korea's Kospi is up 0.4%.
Natural gas futures were almost 2% lower.
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