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New Zealand holds rates at 3%
Waiting for more robust growth and a little inflationary pressure, the Reserve Bank of New Zealand has again kept rates on hold. The official cash rate has been held at 3 per cent since mid-2010, when...
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New Zealand cuts rates ‘pre-emptively’
The benchmark rate in New Zealand is back to its record low of 2.5 per cent after the Christchurch earthquake prompted a half point rate cut from the Reserve Bank. The move is intended to lessen the...
View ArticleShould central bankers’ pay depend on the accuracy of their inflation forecasts?
The Bank of England’s forecasting record, both for inflation and growth, has in recent years been woeful. But would the Bank have done any better if its officials’ pay depended on the forecasts’...
View ArticleThe week ahead in central banking
Our week ahead email helps you to track the most important events in central banking. To see all of our emails and alerts visit www.ft.com/nbe FOMC/ BoJ votes The big events next week are the Federal...
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