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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....
While you were sleeping: Another drop in US retail sales
By Margreet Dietz June 14 (BusinessDesk) - Signs of tepid growth in the US economy and ongoing concern about Europe’s debt crisis weighed on equities on both sides of the Atlantic, and underpinned demand for Treasuries. The latest data on the American economy support the case...
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