Saturday, July 31, 2010

RBNZ to begin removing policy stimulus around the middle of 2010

“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 a little faster than expected. Currently, growth is strongest in China, Australia, [...]