Reserve Bank leaves rates unchanged
The Reserve Bank of New Zealand has left its benchmark interest rate unchanged at 5.00 per cent, although it warned of a rate hike in the medium term.
Sunday, October 26th 2003, 4:44AM
by The Landlord
Inflation remains steady at 1.5 per cent, although Reserve Bank Governor Alan Bollard has warned it is likely to rise to just below the ceiling within two years.
A booming house market, fuelled by continued net migration and low mortgage rates, is currently being balanced by a weaker export sector.
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