New Zealand escaped major damage during the recent global financial crisis, says the Reserve Bank in its Annual Report.

Allan Bollard reiterates the OCR will remain "at or below the current level through until the latter part of 2010."

The strong kiwi dollar is a threat to a sustained recovery, says Reserve Bank Governor Alan Bollard, while keeping rates steady.

Alan Bollard has warned about the economy's imbalances threatening any long term recovery, but he's done nothing about it.

The Reserve Bank has done what most market watchers were expecting this morning and left the official interest rate unchanged at 2.5 per cent.

The New Zealand dollar may be capped under US70 cents this week ahead of the central bank's monetary policy statement.

Most economists are picking Alan Bollard to leave the OCR unchanged this week, but they're looking carefully for any changes in rhetoric - how much does he think things are improving?