Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

NZ rates unchanged

Staff Reporter 1 minute read

The Reserve Bank of New Zealand (RBNZ) left its official cash rate unchanged today at 8.25 per cent.

Governor of the RBNZ Allan Bollard said the outlook for economic activity had deteriorated significantly, but inflationary pressures still remained.

“Despite the weaker outlook for activity, we expect headline inflation to remain high,” Mr Bollard said.

He listed the national emissions trading scheme and higher food and energy prices as the main contributors to inflation in the short-term.

New Zealand interest rates have now been on hold since July 2007.

Published: 06-03-08

NZ rates unchanged
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
Michael Russell MoneyQuest Brokerage head calls out ‘unacceptable’ turnaround delays

It is “unacceptable” that turnaround times in branches can be...

gentlmen handshake Ex-Time Home Loans director partners with AFG

The aggregator has partnered with former Time Home Loans director...

farmer ta 34% of farmers eyeing raised business investment

Roughly one-third of Australian farmers expect to increase their ...