RBNZ raised a key interest rate 24 May - 12:38

On May 24, Fineko/abc.az. Резервный bank New Zealand (RBNZ) raised a key interest rate on 25 basic points to 5,5%, the highest level more than in 14 years. As transfers information portal "Azerbaijan Business Center", banks are told about it in the statement. It is reported that inflation remains too high. Thus bank still predicts recession this year. The decision Резервный bank New Zealand corresponded to the forecast of 21 economists from 25, interrogated information agency "Reuters". Increase of a rate banks on Wednesday became the 12th increase in a row since October 2021. "The official monetary rate has to remain at restrictive level in...