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

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Thu, 25 Oct 2012 13:54:26 GMT

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