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(Bloomberg) -- New Zealandâs central bank raised interest rates by a quarter-percentage point and unexpectedly signaled that no further policy tightening will be needed to tame inflation, sending the nationâs currency tumbling.
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>>> Read more: New Zealand Signals Tightening Cycle Done After Raising Rate
Most Read from Bloomberg
McCarthy, Graves Signal Impasse in White House Debt Talks Worldâs Richest Man Loses $11 Billion After LVMH Stock Rout Worldâs Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof Luxury Stocks Lose $30 Billion...
>>> Read more: New Zealand Signals Tightening Cycle Done After Raising Rate
