News Round Up: October 24

Deteriorating growth outlook likely to keep rates on hold

With the outlook for both global and domestic growth deteriorating, economists expect Reserve Bank governor Alan Bollard will leave interest rates unchanged on Thursday and financial markets have even priced in the outside chance of a cut.  Read the full story here.

Harbour commentary: Waves of pessimism and optimism

Markets are swinging from focusing on significant downgrades to European growth expectations and the prospect of financial contagion from European debt stress to hope that a road map for Europe will be 'published' in coming months. Full report here.