In New Zealand, a far different scenario is playing out. The central bank considers the Kiwi dollar as the local currency is known to be too high but is willing to risk it strengthening further to keep inflation and a heated housing market in check.A typical lunch hour in the capital, Wellington, indicates the growing confidence among consumers. Queues form outside many popular eateries, including at the Chef's Palette, where a couple of dozen people stand in line waiting to get takeout salads or light meals.
New Zealand poised to raise rates as economy booms
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.