New Zealand Raises Rates as Signs Point to New Global Monetary Tightening Wave

New Zealand's central bank raised its interest rate by 25 basis points to 2.75 percent on Tuesday, September 1, 2026 (10 Shahrivar 1405). Per Ecoiran, European Central Bank governing council member and Bundesbank president Joachim Nagel said the same day the ECB will raise rates next week, with eurozone inflation running at 3.3 percent. In the US, the 10-year Treasury yield rose 16 basis points to 4.812 percent, while in Japan, Bank of Japan board member Hajime Takata said an interest-rate increase larger than 25 basis points is possible at the bank's next meeting.