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.

Official interest rates are staying at 2.5pc but Reserve Bank governor Alan Bollard hints increases are likely 'in coming months'.

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.

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.