RBNZ considered a 50 bps rate hike - assistant governor ...Middle East

The Reserve Bank of New Zealand kept interest rates steady last week mostly because it would have been hard to communicate the case for a hike on the same day the country was locked down, Assistant Governor Christian Hawkesby said on Tuesday. Hawkesby, speaking in an interview with Bloomberg, also said policymakers considered a 50 basis point hike. "A 50 basis point move was definitely on the table in terms of the options that we actively considered," he said.

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