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Reserve Bank nervy about fall-out from European PIIGS
By Paul McBeth June 14 (BusinessDesk) - The Reserve Bank is closely monitoring developments in Europe because of the risks posed by the region’s sovereign debt crisis to economic growth in New Zealand. The "political and economic stresses in Europe" have helped erode growth in...
Bollard keeps OCR unchanged, pushes out track for future rate hikes
By Paul McBeth June 14 (BusinessDesk) - Reserve Bank Governor Alan Bollard kept the official cash rate unchanged at 2.5 percent and pushed out the track for future rate hikes as Europe's instability weighs heavily on global growth. "Political and economic stresses in Europe, a...
NZ dollar falls before OCR review; Greek election looms
By Hannah Lynch June 14 (BusinessDesk) - The New Zealand fell before the Reserve Bank's monetary policy review this morning, likely to keep interest rates on hold at a record low, and on speculation Greece will water down its austerity measures after this weekend's elections....
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