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December, 10, 2016

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Business > Asia > New Zealand
New Zealand's central bank lifted interest rates for the second time in as many months on Thursday, saying it was necessary to contain inflation as an economic recovery gains momentum.
 
New Zealand's economy expanded 0.9 percent quarter-on-quarter in October-December 2013, taking annual growth to 2.7 percent, official data showed Thursday.
 
New Zealand on Thursday became the first advanced economy to raise interest rates since 2012, ending a three-year freeze imposed after the devastating Christchurch earthquake.
 
New Zealand's annual inflation rate rose to 1.4 percent in the 12 months to September, official data showed Wednesday, as higher petrol and vegetable prices pushed up the cost of living.
 
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