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Home | New Zealand holds rates steady |
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New Zealand holds rates steady
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- July 29, 2011
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The Reserve Bank of New Zealand has announced that it has decided to leave the Official Cash Rate (OCR) unchanged at 2.5%. Governor Alan Bollard reported that economic growth had exceeded expectations, but sounded a cautious note regarding the fragility of the international financial sector, citing the US debt ceiling in particular. New Zealand’s inflation [...]
- Read more at:http://www.bankingtimes.co.uk/2011/07/28/new-zealand-holds-rates-steady/
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