![Bollard holds OCR, flags slower path for rate rises](/pf/resources/images/placeholders/placeholder_l.png?d=799)
Bollard holds OCR, flags slower path for rate rises
Reserve Bank Governor Alan Bollard isn't expected to start hiking interest rates again until the middle of next year after he held the official cash rate at 3 per cent today.
Reserve Bank Governor Alan Bollard isn't expected to start hiking interest rates again until the middle of next year after he held the official cash rate at 3 per cent today.
The Reserve Bank has left the Official Cash Rate on hold at 3 per cent. In his Monetary Policy Statement, Governor Alan Bollard said the pace of economic growth 'appears to have moderated'.
Rio Tinto Group, the world's third-largest mining company, has made a A$3.5 billion ($4.53 billion) takeover proposal for Riversdale Mining, which is developing coal mines in Africa.
The Belgian Finance Minister has hinted that the €750 billion ($1.3 trillion) EU bailout fund could be increased, in a further sign of the confusion and discord over the best way to tackle the Eurozone debt crisis.
Eftpos company SmartPay has confirmed it is seeking an ASX listing.
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
The NZ sharemarket is at risk of extinction because of a lack of international interest, IPOs and poor liquidity says a strategist.