Thu, 26 Apr 2012 06:39:32 GMT
New Zealand central bank keeps interest rates unchanged
The Reserve Bank of New Zealand maintained steady its benchmark interest rate, leaving it at record low of 2.5%, citing mild inflation. Central Bank also pointed out that appreciating currency may prevent a surge in borrowing costs. According to investors speculations the RBNZ will not raise interest rates until 2013 because yearly inflation is below nation's average target.