New Zealand lifts rates again
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New Zealand&#39;s central bank has again moved to ease inflation pressures, raising its key interest rate by 0.25 percentage points to 6.25 percent -- a level last seen in March 2001.
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Mortgage rates in the US increase, and short-term rates rise overseas.
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New Zealand&#39;s foreign exchange market turned over an average of $US7.5 billion ($NZ11.4 billion) per day, according to Reserve Bank survey published today.
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Another round of good results brings another boost in the stock price.
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Rising energy and transport costs helped push inflation higher last month, raising the prospect that interest rates may increase next year.
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The New Zealand dollar has hit its highest level this year, propelled by a dramatic dip in the US dollar. As the greenback slumped against most global currencies, the kiwi rose to 71.02USc, its highest level for eight years.
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Air New Zealand announced Thursday that it will increase its surcharge on air fares from early next month because of the rising cost of jet fuel.
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WASHINGTON - Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low.
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There is a "strong possibility" interest rates in the UK will rise in February, according to an overview business survey.
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&quot;It&#39;s surprising that the bank still expects to have to raise rates, given the significant rise in the Australian dollar since August.
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Business & money: Mortgage lending rose to record levels last month as borrowers reacted to further interest rate rises.
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The Federal Reserve raised U.S.  interest rates on Wednesday by a quarter percentage point for a  fourth time this year, citing brightening job markets that  likely mean more increases lie ahead.
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New applications for US home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures show.
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The central bank raised its overnight repo rate on Tuesday for the first time in more than four years, citing concerns about a rise in inflation in Asia's fourth-largest economy.
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WASHINGTON - The US Federal Reserve Board late yesterday boosted short-term interest rates for the fifth time in a row, warning of higher rates next year as it abandons easy money to head off inflation.
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OTTAWA - Interest rates are up and are likely going higher but don&#39;t lock in that variable-rate mortgage, experts advised Tuesday after the Bank of Canada raised interest rates a further quarter-point.