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Latest fromMonetary Policy
House fears: OCR stays put at 2.5pc
The Reserve Bank says the OCR will stay at a record low of 2.5 per cent, as rising house prices are singled out as a threat to New Zealand's financial stability.
Prices drop in Dec - inflation now 0.9pc
Prices unexpectedly fell by 0.2 per cent during the December quarter, said Statistics NZ this morning, taking the annual rate of inflation to just 0.9 per cent. Seasonal falls in vegetable prices helped push the CPI down.
Economy took off in December
New Zealand's economy surged in the December quarter to the best level since mid-2007, according to the latest Quarterly Survey of Business Opinion.