Get notifications in real-time for staying up to date with content that matters to you.
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
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Court rules against bank for ‘unfair’ loan terms
The Federal Court has declared a number of loan contracts entered...
RBA, APRA sing different tune on serviceability buffers
APRA chair Wayne Byres has dismissed the need for a cut to the bu...
Remodelled FHB scheme cops backlash
From 1 July, all applications for the FHLDS will require a Notice...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Receive breaking news direct to your inbox each day
