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OCR steady - economists react
Reaction from economists to today's Reserve Bank decision to keep the OCR at a record low of 2.5 per cent.
Reaction from economists to today's Reserve Bank decision to keep the OCR at a record low of 2.5 per cent.
Reserve Bank Governor Alan Bollard may hike the official cash rate by 50 basis points as soon as September, though any future hikes will be held back by a surging kiwi dollar.
Brace yourselves for interest rates to rise half a percentage point. Beyond that it...
The official cash rate has been held 2.5 per cent, as expected. Alan Bollard said the strength of the New Zealand dollar may limit the need for future rate hikes in the short term.
New Zealand economic growth will accelerate in the next year or two, despite the global economy hitting a soft patch, Westpac's latest quarterly economic review says.
Economic data is reading a little bit like the zombie apocalypse at the moment: the dollar hit an all-time high this week while inflation is the highest it has been in 21 years.
Lift in OCR tipped for as soon as September after prices rise 5.3pc.
Investors need to be wary of risks posed by overseas economies.
GDP growth twice as strong as forecasters picked despite earthquake
World share markets rose overnight after Federal Reserve chairman Ben Bernanke said the Fed was ready to help the US economy if there were further signs of weakness.
Retailers helped boost Wall Street after a surprisingly buoyant jobs report and better-than-expected sales at big retailers.
Households at risk of slow wage growth combined with rising costs.
John Key and Alan Bollard are the short-term masters of our puny universe of an economy.
The New Zealand dollar rose as high as 82.97 US cents in New York overnight, the highest level since the currency...