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Australian central bank drops reference to ‘policy adjustments,’ signals steady rates
Feb. 4 (BusinessDesk) – The Reserve Bank of Australia kept its benchmark interest rate at a record low 2.5 percent and dropped its reference to policy adjustments in favour of stability, a move seen as code for an end to its easing bias that sent its currency up about 1 US cent....
Canterbury overtakes Auckland median income despite quakes, census shows
By Pattrick Smellie Feb. 4 (BusinessDesk) – Personal income statistics from the 2013 national census show the annual median income in Canterbury was the second highest in the country, overtaking Auckland since the last census in 2006, in a trend that appears to reflect strong d...
NZ commodity prices rise to a record in January, led by butter
Feb. 4 (BusinessDesk) – New Zealand commodity prices rose to a record in January, led by gains in butter. The ANZ Commodity Price Index advanced 1.2 percent to 334.3 from December. The index is 23 percent above January 2013. International prices for 10 of New Zealand’s main co...
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