WELLINGTON: New Zealand’s central bank has announced a halt to its pandemic-induced NZ$ 100bil( US$ 70bil or RM293. 93bil) bond purchase progamme, sending the Kiwi dollar soaring as markets took it as sign that a rate hike was not far away. The Reserve Bank of New Zealand( RBNZ) kept its official cash rate at 0.25%, as widely expected, but local banks brought forward their calls for a rate rise to as early as August, which would put New Zealand at the forefront of countries to raise interest rat
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2021-07-15 00:00:00.0