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![<i>Brian Fallow:</i> Good news, bad news](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Brian Fallow:</i> Good news, bad news
If the good news is that the Reserve Bank expects rates to be lower for longer, the bad news is why it thinks that.
![Bollard holds OCR, flags slower path for rate rises](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bollard holds OCR, flags slower path for rate rises
Reserve Bank Governor Alan Bollard isn't expected to start hiking interest rates again until the middle of next year after he held the official cash rate at 3 per cent today.
![<i>Bernard Hickey - </i> Bollard bets on end to housing love affair](/pf/resources/images/placeholders/placeholder_l.png?d=793)
<i>Bernard Hickey - </i> Bollard bets on end to housing love affair
I worry that the banks are trying to unleash those animal spirits in the housing markets again.
![Bollard leaves OCR at 3pc](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bollard leaves OCR at 3pc
The Reserve Bank has left the Official Cash Rate on hold at 3 per cent. In his Monetary Policy Statement, Governor Alan Bollard said the pace of economic growth 'appears to have moderated'.
![Reserve Bank pushes for power of veto over big bank purchases](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Reserve Bank pushes for power of veto over big bank purchases
The Reserve Bank of New Zealand is pressing for the power of veto over significant purchases by the country's banks.
![Market picks no OCR rise till June](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Market picks no OCR rise till June
The financial market now expects the Reserve Bank will not increase the OCR from 3 to 3.25 per cent until June next year.
![Labour sees place for private capital in SOEs](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Labour sees place for private capital in SOEs
The Labour Party has signalled a willingness to allow private capital into state-owned enterprises - at the subsidiary level.