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Pay packets feel the squeeze of recession
Wages growth remained feeble in the September quarter as the recession took its toll on pay packets.
<i>Dollar outlook:</i> Kiwi may fall further amid rising risk aversion
The NZ dollar may keep falling this week as investors get jittery about the speed and strength of the global recovery .
OCR steady, early hike ruled out
The Reserve Bank has left official interest rates unchanged at 2.5 per cent this morning, while confirming they are not likely to rise till the second half of next year.
OCR stays steady, no change till late 2010
Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".
BNZ says customers staying loyal
BNZ claims it has suffered no adverse customer reaction following its tax problems with the IRD.
Former NZ economist predicts more global gloom
Another plunge into global recession in 2010 or 2011 is being tipped by expatriate economist Robert Wade.
Kiwi dollar stumbles as investors move back to greenback
The kiwi dollar has fallen below 75US cents as more signs of recovery in the US economy are seen.