I noticed that New Zealand CD's have been listed at about 6% for some time now. I checked the NZ inflation rate thinking that it must be high for the high CD rates, but it is about 3%.

So my question is why have they had a high CD rate compared to others with similiar inflation rates ?

Also, the Swiss franc CD is always listed at 0%. There inflation is about 1.2%.

Obviously some things I don't know here. Does anyone know why we see these anomalies?

Geary