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NZ house prices overvalued says IMF
New Zealand house prices appear to be overvalued by up to 25 per cent, the International Monetary Fund says.
Gareth Vaughan: Please, please borrow more money
The banks are desperate to lend...
ANZ says it is adequately provisioned for Chch earthquake
New Zealand's biggest bank, ANZ, says it has adequate provisions for the impact of the Christchurch earthquake.
<i>Brian Fallow :</i> A more cheerful tone from Reserve Bank
As the markets try to divine how long "some time" is, the nuances of the statement are relatively upbeat.
Bollard holds OCR steady at 2.5pc
Reserve Bank governor Alan Bollard has held interest rates steady at 2.5pc and says there's no need to raise them any time soon.