BNZ raises rates as jobless rate spikes and dairy prices hold
BNZ lifted rates Wednesday while the jobless rate spiked, though dairy prices remained stable and most lending was modest except for dairy farmers.
BNZ raised rates on Wednesday as the jobless rate increased. Dairy prices held steady during the period. Most new lending remained modest, though dairy farmers significantly increased their borrowing. Swap rates retreated and the New Zealand dollar remained firm.
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What happened Wednesday
A review of things you need to know before you sign off on Wednesday; BNZ raises rates, jobless rate spikes, dairy prices hold, modest new lending except dairy farmers borrow bigly; swaps retreat, NZD firmish, & more