Central bank of New Zealand keeps rates steady.
Global Banking News - 29 October 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
The central bank of New Zealand has kept its interest rate steady.
The central bank left the nation's key interest rate unchanged at 2.5 per cent after indicating that the economy is growing. The bank cut its official cash rate to 2.5 per cent from 8.25 per cent between July 2008 and late April this year.
The governor of the central bank said there is no reason to begin withdrawing monetary policy stimulus in the country.
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|Publication:||Global Banking News (GBN)|
|Date:||Oct 29, 2009|
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