Draw a demand and supply graph showing equilibrium in the money market (short-run). " Some central banks have started to hike interest rates in reaction to the inflation pressures. Near to home, theReserve Bank of New Zealand lifted its ratesearlier this month to 0.5 per cent". Show and explain on the graph how the Reserve Banks of New Zealand would accomplish the statement given. (Hint: Short-run money market for Reserve Banks of New Zealand behaves the same way as Reserve Bank of Australia.)