New Zealand was set to be the first advanced economy to hike rates. One Covid case put a stop to it

Workers and shoppers eat on the steps of Freyberg Place in downtown Auckland, New Zealand, on October 29, 2020, enjoying the freedom of Covid-19 Alert Level 1. Lynn Grieveson | Newsroom | Getty Images New Zealand was widely expected to become the first advanced economy to raise interest rates, but the central bank left rates unchanged on Wednesday after one Covid case led the country to announce a nationwide lockdown a day earlier. The Reserve Bank of New Zealand said in a statement the decision to hold rates at 0.25%…

Read More