(Bloomberg) -- New Zealand's dollar rose to a 22-
year high amid expectations central bank Governor Alan Bollard
will raise interest rates from a record high next week, stoking
demand for the currency.
The chance of a rate increase rose to 71 percent from 44
percent yesterday, according to a Credit Suisse index after a
report showed inflation accelerated more than the central bank
had forecast. Bollard may raise the rate to 8.25 percent, 7.75
percentage points higher than Japan's benchmark and 3 points
more than the Federal Reserve target lending rate.
Read more at Bloomberg Currencies News
year high amid expectations central bank Governor Alan Bollard
will raise interest rates from a record high next week, stoking
demand for the currency.
The chance of a rate increase rose to 71 percent from 44
percent yesterday, according to a Credit Suisse index after a
report showed inflation accelerated more than the central bank
had forecast. Bollard may raise the rate to 8.25 percent, 7.75
percentage points higher than Japan's benchmark and 3 points
more than the Federal Reserve target lending rate.
Read more at Bloomberg Currencies News
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