Printer Friendly

Central bank of New Zealand keeps rates steady.

Global Banking News-29 October 2009-Central bank of New Zealand keeps rates steady(C)2009 ENPublishing - http://www.enpublishing.co.uk

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2009 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Oct 29, 2009
Words:136
Previous Article:HSBC says it is unable to estimate cost of litigation over Madoff fraud.
Next Article:EvergreenBank and Prime Pacific Bank restricted by regulators.


Related Articles
New Zealand central bank holds rates.
The central bank of New Zealand keeps interest rate steady.
Central bank of New Zealand leaves interest rate steady.
Central bank of New Zealand may keep rates steady.
New Zealand central bank keeps rate steady.
New Zealand central bank holds interest rate.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters