Hello. I'm Bernard Hickey with the daily briefing from interest.co.nz... Today we'll look at the outlook for interest rates after surprisingly high headline inflation figures and what the banks are doing with fixed mortgage rates... We'll also look at today's retail sales figures, which were way above expectations and pose some new questions for the Reserve Bank... And finally we'll look at the latest on the global credit crunch, in particular fears that a downgrade of downgrade of the world's biggest insurers could spark new chaos in financial markets.
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Added: Feb 2, 2008 |
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Author: ofInterestNZ |
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