News

Interest rate rises likely to be delayed

Friday 16th of January 2004
After the RBNZ’s December Monetary Policy Statement, most economists thought a rate hike at the end of January was a virtual certainty. However, the New Zealand dollar has risen a further 4 US cents to 68 cents since then.

"We have to recognise that the ongoing strength in the currency could delay, limit or even completely forestall the need for higher interest rates," ANZ chief economist David...

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