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Dollar drifts lower as crude oil prices continue slide
The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering
The New Zealand dollar fell as the continued decline in crude oil prices stoked concern that global economic growth may be faltering
New Zealand food prices fell in November led by cheaper spring time vegetables and cheese prices.
The Reserve Bank has left the Official Cash Rate unchanged at 3.5 per cent, saying any further rate hikes are likely to be at a later stage.
The New Zealand dollar rebounded after touching a fresh two-and-a-half year low as investors sold US dollars
Auckland property values are picking up speed at an "eyewatering" pace, with some areas up 5pc in only three months, according to QV.
The Reserve Bank's influence over long-term interest rates is limited by global investor activity, according to governor Graeme Wheeler.