Bollard may hold to mid-year timing for OCR hike, start in April
Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.
Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.
The New Zealand dollar continued to fall against the greenback after US markets felt the impact of moves by US President Barack Obama to curb bank risk-taking which would in turn hit banks' profits.
Reducing top personal tax rates and having a competitive tax rate with Australia are among the Tax Working Group's recommendations.