Interest rates steady……
October 26, 2011 · Filed Under Uncategorized
The Reserve Bank is holding official interest rates steady at 2.5 per cent.
The decision was widely expected given ongoing concerns about the global economy, a big drop in business confidence yesterday, and lower than expected inflation figures out earlier this week.
Some economists now believe the central bank will not start lifting interest rates till the middle of next year.
Click here to read more: http://www.stuff.co.nz/business/money/5859917/Reserve-Bank-holds-interest-rates
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