A lot can certainly happen in a month. It was only a few weeks ago that I discussed the possibility of interest rates remaining as they are until at least mid-2011 or possibly until September. However, last week’s tragedy in Christchurch has sparked several reports in the press speculating as to the impact of the [...]
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: “The New Zealand economy is recovering broadly as expected and growth is predicted to pick up further through 2010. “Trading partner activity has recovered more quickly than we expected. Growth in Asia has been particularly [...]
