MONEY TALKS: Wheeling out a pick-me-up

By Paul McBeth June 16 (BusinessDesk) - There were a lot of bemused faces at the Reserve Bank’s lock-up for last week’s interest rate review. The market was split on whether there’d be a cut, and most of us reporters who trudge up to the six-weekly announcements weren’t convinced there would be. When the papers were handed out, many eyebrows shot up at the headline - 25 basis point fall in the Official Cash Rate to 3.25 percent. Sure, governor Graeme Wheeler had primed us a little for the prospect of a rate cut, but Auckland’s property ma...