Bloomberg New Zealand’s central bank (RBNZ) raised interest rates by half a percentage point for a second straight meeting and forecast further aggressive hikes to come to tame inflation. The Reserve Bank’s Monetary Policy Committee lifted the official cash rate (OCR) to 2% from 1.5% on Wednesday in Wellington, as expected by 19 of 22 economists in a Bloomberg survey. It ...

Bloomberg The yuan’s biggest weekly gain in two years could be fleeting, with some analysts forecasting its slide to the 7 per dollar level. Option traders are reviving bearish wagers on the Chinese currency as indicated by the three-month dollar-offshore yuan risk reversal, which advanced this week for the first time since mid-May. The cost of shorting the yuan also ...

  Bloomberg JPMorgan Chase & Co’s new UK digital lender has attracted more than 500,000 customers and gathered about $10 billion in deposits since launching in September. Chase UK, its British digital-only bank, is “off to a strong start,” JPMorgan said in an investor presentation. But such growth hasn’t come cheap with losses at US lender’s overseas digital banks likely ...