Bloomberg New Zealand’s central bank decided not to raise interest rates last week because of communication challenges, not economic risks, Assistant Governor Christian Hawkesby said. It would have been difficult to explain an increase in the official cash rate on the same day the country entered a lockdown to combat a Covid-19 outbreak, Hawkesby told Bloomberg in a telephone interview …

Bloomberg Goldman Sachs Group Inc is boosting the pay of junior staff in its sales, trading, research and asset management divisions as the wave of pay rises spreads beyond investment banking, according to Financial News. Goldman Sachs will pay starting salaries of $110,000 in these units, up from $85,000, while second years will receive $125,000, Financial News reported, citing people …

Bloomberg Hungary will probably raise interest rates for the third time in as many months as policy makers continue their campaign to stem one of the European Union’s highest inflation rates. The central bank is poised to increase benchmark rate by 30 basis points to 1.5%, matching the pace of hikes in June and July, according to all but one …