![<i>Inside Money: </i> Bean counters savings advice](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Inside Money: </i> Bean counters savings advice
Should savers expect to live off their incomes?
Should savers expect to live off their incomes?
I feel like a priest who has been wrestling with his belief in god...
Economists believe GDP stats due out this week will show the NZ economy has expanded less that the Reserve Bank forecasted, confirming that interest rates are on hold for now.
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."
The Christchurch earthquake means the Reserve Bank is now unlikely to raise the Official Cash Rate (OCR) again until next year, ASB economists say.
Fran O'Sullivan writes that Phil Goff has been handed a couple of political aces - but how he plays them remains to be seen.
The Federal Reserve has voted to buy US Govt debt in a fresh bid to spur the world's biggest economy.
This makes the decision about choosing to fix or float that little bit tougher.
While increasing the OCR this morning, Reserve Bank Governor Alan Bollard has indicated that future hikes won't be as aggressive as earlier tipped.
The NZ dollar has tumbled this morning, after Reserve Bank governor Alan Bollard signalled that future interest rate rises will be more modest than earlier indicated.