<i>Bernard Hickey: </i>Tightening without hiking the OCR
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.
The Reserve Bank has slightly opened its forecast window for the first rate hike by a month or two in this morning's statement.
Official interest rates are staying at 2.5pc but Reserve Bank governor Alan Bollard hints increases are likely 'in coming months'.
Yellow Pages Group, which owes its lenders about NZ$1.72bn, looks set to be put on the block for sale by its nervous banks.
President outlines plans to slice up the banks, reduce profits and bring cheer to taxpayers