![Kiwi slumps on Fonterra botulism scare](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi slumps on Fonterra botulism scare
The NZ dollar has dropped a cent and a half in reaction to Fonterra's announcement.
The NZ dollar has dropped a cent and a half in reaction to Fonterra's announcement.
The Reserve Bank governor has kept the official cash rate at 2.5 per cent, though he'll mull a hike if the momentum in housing spurs broader inflation.
The Prime Minister says first home buyers remain 'a priority' for the govt, but he's stopped short of endorsing a suggestion from one of his ministers.
Financial markets see almost no chance Reserve Bank governor Graeme Wheeler will move the official cash rate from its all-time low of 2.5 per cent.
Inflation falls to a 14-year low, thanks to cheap imported petrol helping to counter rising housing-related prices.