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![Budget tax overhaul set to fuel inflation spike](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Budget tax overhaul set to fuel inflation spike
Inflation is expected to spike higher than many were predicting, as a result of yesterday's Budget tax changes.
![Euro credit crisis looms over NZ stability: Bollard](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Euro credit crisis looms over NZ stability: Bollard
As an external debtor country, NZ could be vulnerable to any renewed deterioration in global debt markets, the Reserve Bank Governor says.
![NZ economy trucking again: Bollard](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ economy trucking again: Bollard
NZ's recovery from the financial crisis is entering a "new, less fragile stage" but the Reserve Bank will keep its "foot on the gas".
![Greece agrees to savage cuts](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Greece agrees to savage cuts
Greece and the wider eurozone scrambled back from the brink of disaster again on Friday as the outline of an IMF/eurozone rescue package emerged.
![OCR steady, rates to rise 'over coming months'](/pf/resources/images/placeholders/placeholder_l.png?d=793)
OCR steady, rates to rise 'over coming months'
Official interest rates are staying at 2.5pc but Reserve Bank governor Alan Bollard hints increases are likely 'in coming months'.
![<i>Brian Fallow :</i> Bollard's cut and paste job no bad thing](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Brian Fallow :</i> Bollard's cut and paste job no bad thing
It does not inspire confidence to have wild swings in the central bank's view of the economic outlook and what it is likely to do.
![OCR stays at 2.5pc, rates steady till mid-year](/pf/resources/images/placeholders/placeholder_l.png?d=793)
OCR stays at 2.5pc, rates steady till mid-year
The Reserve Bank has left the Official Cash Rate unchanged at 2.5pc, and again said it may be the middle of this year before they rise.