New Zealand Holds Rate, Keeping Eye On Inflation Risks
New Zealand’s central bank held its Official Cash Rate (OCT) steady at 2.5 percent, as expected, saying inflation remains subdued but it expects economic growth to strengthen during the year and it was keeping an eye on house price inflation and household credit for signs of inflation risks. The Reserve Bank [...]
New Zealand’s central bank held its Official Cash Rate (OCT) steady at 2.5 percent, as expected, saying inflation remains subdued but it expects economic growth to strengthen during the year and it was keeping an eye on house price inflation and household credit for signs of inflation risks.
The Reserve Bank of New Zealand (RBNZ), which has held its rate steady since March 2011, said global growth was set to recover this year and financial markets were accordingly … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards