{"id":52084,"date":"2021-10-06T20:48:52","date_gmt":"2021-10-06T16:48:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=52084"},"modified":"2021-10-06T21:43:46","modified_gmt":"2021-10-06T17:43:46","slug":"new-zealand-raises-interest-rates-as-inflation-surges","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/new-zealand-raises-interest-rates-as-inflation-surges\/10\/06\/market-updates\/","title":{"rendered":"NZD\/USD slid despite RBNZ&#8217;s interest rate decision"},"content":{"rendered":"\n<p>The NZD\/USD pair slid Wednesday to 0.0052 -0.75% despite the Reserve Bank of New Zealand lifted its benchmark rate to 0.5% from a record-low 0.25% and signaled more increases over the next year, as it seeks to tame inflation stoked by higher oil prices, rising transport costs and supply-chain disruptions. <br><br>The RBNZ said the increase would also drive up mortgage rates and so help cool house prices, up about 30% over the past year.<br><br>New Zealand largely kept out Covid-19 by closing to the outside world, a policy accompanied by stimulus to keep the economy moving.<br><br>Now the resulting labor shortages and surging demand, notably for housing, have led it to become one of the first developed economies to raise interest rates since the pandemic began.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The NZD\/USD pair slid Wednesday to 0.0052 -0.75% despite the Reserve Bank of New Zealand lifted its benchmark rate to 0.5% from a record-low 0.25% and signaled more increases over the next year, as it seeks to tame inflation stoked by higher oil prices, rising transport costs and supply-chain disruptions. The RBNZ said the increase &hellip;<\/p>\n","protected":false},"author":13,"featured_media":34119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6987,6918,7345,7187],"class_list":["post-52084","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-inflation","tag-nzd","tag-rbnz","tag-stimulus"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=52084"}],"version-history":[{"count":7,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52084\/revisions"}],"predecessor-version":[{"id":52099,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/52084\/revisions\/52099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/34119"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=52084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=52084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=52084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}