New Zealand leave key interest rate unchanged

Note: This section contains information in English only.
Source: Bloomberg
The central bank of New Zealand today kept its benchmark interest rate at 2.5% and reduced its economic outlook for upcoming three years, basing its decision on weaker commodity prices. The Reserve Bank of New Zealand suggested it may maintain the low rates also in 2013 as slower economic growth weighs on inflation. 
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Thu, 14 Jun 2012 07:25:44 GMT

US stock markets close lower ahead of Greek elections

US main stock indices after previous rally traded lower on Wednesday as investors awaited for the outcome of Greek elections while Moody's and Egan-Jones downgraded Spanish sovereign debt. S&P 500 lost 0.7% or 9.3 points and closed at 1,314.88. Dow Jones Industrial Average fell 0.62% or 77.42 points and finished at 12,496.38. Nasdaq Composite ended 0.86% or 24.46 points down

Thu, 14 Jun 2012 07:03:44 GMT

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