NZ pushes back on early rate cuts despite recession

Svenska Dagbladet

Media Conglomerate: Schibsted

No New Zealand rate cut -- despite recession

The central bank of New Zealand leaves the administration unchanged at 5.5 percent for the sixth consecutive term of office, according to an offer made over the night of Wednesday. The country's dollar strengthened according to the offer. The credit crunch is required to bring inflation down from today's 4.7 percent to the target of two percent, according to the central bank. The economy of New Zealand is b...