New Zealand holds interest rates at 2.5%

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
On Thursday, Graeme Wheeler, a new chief of the New Zealand's central bank, announced that the bank would maintain its benchmark interest at a record low of 2.5%, as strong currency hurts the country's exports, which are accounted for about 30% of GDP. The decision was in compliance with economists' expectations.
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Thu, 25 Oct 2012 08:52:44 GMT

Europe stocks gain on Fed talk

European stocks were flat to slightly up on Thursday, as traders considered yesterday's statement from Fed, when it said it will hold on to its loose monetary policy. The Stoxx Europe 600 and the DAX 30 indexes both were little changed at 269.40 and 7,198.40, respectively. Meanwhile, the FTSE 100 index gained 0.1% to 5,813.29 and the CAC 40 Index

Thu, 25 Oct 2012 13:54:26 GMT

Kiwi advanced to a 6-month high versus the Yen

On Thursday, the New Zealand's Dollar grew to an almost 6-month high versus the Yen, following an announcement about unchanged interest rates by the central bank. The New Zealand Dollar was traded at 65.89 Yen, which was the highest since April, and consolidated at 65.86 Yen by 4:40 p.m. Sydney time, climbing 0.6% for the trading session.

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