(Bloomberg) -- The New Zealand dollar rose to its
highest in at least 22 years after the central bank increased
interest rates, boosting the appeal of the nation's higher-
yielding assets.
Reserve Bank of New Zealand Governor Alan Bollard increased
the country's official cash rate a quarter-point to 8 percent
today in Wellington, saying there was not enough evidence of a
slowdown in the economy.
Read more at Bloomberg Currencies News
highest in at least 22 years after the central bank increased
interest rates, boosting the appeal of the nation's higher-
yielding assets.
Reserve Bank of New Zealand Governor Alan Bollard increased
the country's official cash rate a quarter-point to 8 percent
today in Wellington, saying there was not enough evidence of a
slowdown in the economy.
Read more at Bloomberg Currencies News
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