(Bloomberg) — The Reserve Bank of New Zealand raises key interest rate as expected to 0.75%.
- 21 of 23 economists surveyed predicted the rate to increase to 0.75%
- Of 159 rate decisions surveyed by Bloomberg, 18 were unexpected
- Actual results matched Bloomberg surveys 88.7% of the time
- See CHART of central bank decisions vs Bloomberg survey
Note 1: Expected is when Bloomberg survey median is equal to the announced rate
Note 2: Unexpected is when announced rate is not equal to Bloomberg survey median
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