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![OCR stays at 3pc, future hikes 'more moderate'](/pf/resources/images/placeholders/placeholder_l.png?d=793)
OCR stays at 3pc, future hikes 'more moderate'
A weakening recovery and the Christchurch earthquake have prompted the Reserve Bank to leave official interest rates on hold this morning at 3 per cent.
![NZX listing mooted for new 'kiwi' bank](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZX listing mooted for new 'kiwi' bank
New Zealanders may have a new, locally owned bank to invest in by February next year.
![Kiwibank gets 40pc of new mortgage value in June quarter](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwibank gets 40pc of new mortgage value in June quarter
Kiwibank accounted for 40 per cent of new residential mortgages written by the major banks in the June quarter.
![World shares surge on optimism](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World shares surge on optimism
World share prices surged overnight, bolstered by solid data from US, China and a good European growth forecast.
![Advance Australia fear](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Advance Australia fear
It's strange that the National Australia Bank's (NAB) final knockback in its attempt to take over AXA has received such little airplay in the New Zealand press.
![Earthquake means no OCR hike till 2011, says economist](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Earthquake means no OCR hike till 2011, says economist
The Christchurch earthquake means the Reserve Bank is now unlikely to raise the Official Cash Rate (OCR) again until next year, ASB economists say.
![Optimism returns overnight to world markets](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Optimism returns overnight to world markets
Shares on Wall St and in Europe rose overnight, after the US Federal Reserve indicated economic growth was still happening, though at a slower rate.