Forget redemption - Gordon Gekko needs to rediscover his manhood.

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.

If Alan Bollard's interest rate decision today had needed a theme song, it would have been the Rolling Stones' "Time is on my side."

New Zealanders may have a new, locally owned bank to invest in by February next year.

Fisher & Paykel has shown off the result of 17 years of top-secret research, saying its new compressor is a revolutionary change.