Rating New Zealand’s economic revival

As New Zealand’s economy gathers momentum, and inflationary pressures continue to rise, watch out for more interest rate rises over the coming year.

It’s clear skies and good times across the Tasman. The New Zealand economy continues to boom, with strong demand from China and construction activity leading the way.

After gaining significant momentum last year, the Reserve Bank of New Zealand finally decided to raise its cash rate by 25 basis points to 2.75 per cent. Its last interest rate move was back in March 2011.

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