Reserve Bank of New Zealand Governor Alan Bollard talks with Bloomberg's Catherine Yang from Wellington about the bank's half-point interest rate cut today and the outlook for the economy. The central bank cut its benchmark rate to 7.5 percent, more than expected by most economists, saying the economy is in a recession and inflation will slow.
Rating:  (0 ratings) |
Views: 1 |
Added: Sep 11, 2008 |
| Category: Business |
|
|
|