RBNZ hikes interest rates by 0.50%

Source: Dukascopy Bank SA
On April 13, the Reserve Bank of New Zealand hiked interest rates. The markets expected a 0.25% hike that would increase rates up to 1.25%. However, the bank hiked 0.50%, which put the Official Cash Rate at 1.50%.
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Wed, 13 Apr 2022 14:15:06 GMT

Bank of Canada hikes rate to 1.00%

On April 13, the Bank of Canada published its monetary policy statement. The central bank hiked its interest rate from 0.50% up to 1.00%, which was an expected 50 base point hike. Moreover, the bank stated that more increases are to be expected, as inflation continues to surge.

Wed, 13 Apr 2022 14:30:06 GMT

US inflation beats down USD value

On Tuesday, the US Consumer Price Index was released. Monthly inflation in the US was revealed to be at 1.2%. Due to the news, the value of the USD plummeted, as the markets interpreted the news as a signal of incoming US monetary tightening.

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