US News

New Zealand Raises Key Interest Rate to 0.75%; Decision History

© Reuters.

(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

©2021 Bloomberg L.P.

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