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New Zealand central bank keeps rate steady.

Global Banking News-10 September 2009-New Zealand central bank keeps rate steady(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 10 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

The central bank of New Zealand has kept its rate steady.

The central bank left the nation's key 2.5 per cent interest rate unchanged on Thursday and acknowledged indications that a patchy recovery has begun after an 18-month economic recession.

This is the third time that the bank is holding its interest rate steady after it slashed the official cash rate to 2.5 per cent, its lowest level on record, from 8.25 per cent between July 2008 and late April this year.

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Publication:Global Banking News (GBN)
Date:Sep 10, 2009
Words:141
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