InfoAnda - NZ cenbank sees rate on hold until H2 2010

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

ABC's Roberts lands Janet Jackson interview | 5 November 2009
Arctic Monkeys dominate UK's NME music nominations | | 31 January 2012
Missing Cuban actor, War Witch win Tribeca awards | | 27 April 2012

Filipino workers remittances rise despite crisis | 17 November 2008

Forum Views () Forum Replies ()

Read more with google mobile : NZ cenbank sees rate on hold until H2 2010

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World NZ cenbank sees rate on hold until H2 2010 Reuters - Thursday, October 29 Send IM Story Print * Central bank keeps rate at record low 2.5 percent * RBNZ says no rush to hike, to stand pat until H2 '10 * Governor sees challenges to economy, inflation on target * Kiwi falls, markets pare back rate hike expectations * Poll shows half of analysts expecting Q2 rate rise By Mantik Kusjanto WELLINGTON, Oct 29 - New Zealand's central bank said on Thursday it expected to hold interest rates at a record low at least until July, quashing speculation an economic rebound would lead to tightening as early as January. The Reserve Bank of New Zealand dropped its easing bias and left the benchmark rate at 2.5 percent as expected. The signal the bank was in no rush to hike sent the New Zealand dollar tumbling and swap rates felling the most in six months. A string of data -- retail sales, house sales and prices, consumer and business confidence -- has pointed to a rebound in the economy, which emerged from recession in the three months to June 30 after five straight quarters of contraction. RBNZ Governor Alan Bollard said the economy was not yet out of the woods. "In contrast to current market pricing, we see no urgency to begin withdrawing monetary policy stimulus, and we expect to keep the OCR at the current level until the second half of 2010," Bollard said in a statement. He had previously committed to keeping rates steady until the "latter part" of next year, but the rephrasing suggested to some economists that a rate hike is now envisaged as early as July instead of perhaps the fourth quarter. The central bank cut rates seven times between July last year and this April by a total of 575 basis points to help the battered economy. For a related graphic double click: http://graphics.thomsonreuters.com/109/NZ_RTS1009.gif KIWI DOLLAR FALLS, SWAPS DOWN SHARPLY The New Zealand dollar <NZD=D4> fell around a cent to a near four-week low of $0.7163 after the rate decision, before settling around $0.7180/90. Bank bill futures <0#NBB:> jumped as markets reduced the chances of an earlier rate rise. But analysts said the uptrend in the currency, or the so-called kiwi, was not over yet. "You have risk reduction across the board," said Thomas Harr, a currency strategist at Standard Chartered in Singapore. "This is a correction but not a trend reversal. For now, the uptrend in the kiwi has not really changed." The kiwi touched a 15-month high of $0.7635 last week but has since slipped back on broad profit-taking and risk aversion that has hit other higher-yielding currencies. Interest rate swap yields fell up to 19 basis points, causing the yield curve to steepen as investors scaled back their rate hike expectations. The one-year swap rate <NZDSM3NB1Y=> fell as much as 18.5 basis points, the biggest drop since the last rate cut in April. "The statement is more dovish than the market has been anticipating," said RBC Capital Markets senior economist Su-Lin Ong. "Obviously it's clear rates can't stay at 2.5 percent for ever and the run of data in New Zealand suggests they will have to rise next year. We see the second quarter as likely timing for the first hike," she added. Markets, which had priced in 25-basis-point rate rises in both January and March <NZDOIS>, have now retreated to bet on a first hike in March. A Reuters poll taken after the rate decision showed all 14 economists expected rates to remain on hold at the Dec. 10 review, with five expecting a hike in the first quarter of 2010, seven in the second quarter and two in the third quarter. However, most expect aggressive rate hikes when the tightening cycle begins next year. [NZ/POLL] Domestic data this month also showed stronger-than-expected price pressures, with consumer prices rising 1.3 percent in the third quarter, but Bollard said inflation was expected to remain comfortably within the RBNZ's 1-3 percent target range in the medium term. He warned that the strong kiwi, up 25 percent so far this year, has hampered exports and encouraged consumption, which could cause the current account deficit to widen again. (Additional reporting by Gyles Beckford, Adrian Bathgate and Wayne Cole; Editing by Kazunori Takada) Recommend Send IM Story Print Related Articles BOJ FOCUS-Bank of Japan keen to avoid fight with govt Reuters - Thursday, October 29 Samsung to export $5 bln in handsets from Vietnam plant-govt Reuters - Thursday, October 29 Japan Hot Stocks-Banks, Takefuji, Nippon Mining, Hino, NEC Elec Reuters - Thursday, October 29 MOVES-Morgan Stanley hires Australia Merrill team-source Reuters - Thursday, October 29 China retail sales likely to grow 16 pct in 2010 -report Reuters - Thursday, October 29 News Search Top Stories US economy likely to post first growth in year Fibre may keep asthma, diabetes at bay, study finds Firms accept Ecuador plan to break pharma patents NASA rocket launch advances Moon mission dream Ailing CIT gets $4.5 bln loan, rejects Icahn offer More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended US consumer confidence takes recession beating Obama unveils historic power grid reform US financial sector will pay for failures: bill NASA rocket launch advances Moon mission dream Japan's Nomura reaps rewards of Lehman deal More Most Viewed » Boyzone singer Gately dies in Spain Mobile phone giant Nokia sues Apple over patents NASA bombs the moon's surface in search of water Huge dinosaur find in China 'may include new species' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 29 October 2009
Kremlin says sanctions against Iran unlikely
Europe blighted by noise pollution
Google unveils free GPS navigation for mobile phones
Lift-off for new NASA rocket
Tax-cutting Merkel kicks off second term
Iran to deliver response on uranium deal Thursday: report
Brussels targets bailed-out banking giants
Deutsche Bank strikes billion-euro takeover deal
Darkest day for UN as Taliban kill 9 at Kabul hostel
Japanese car wins World Solar Challenge in Australia
Rockets found in Lebanon after attack on Israel
ArcelorMittal bounces back on demand gain
Lebanon stops fresh rocket attack on Israel
NASA launches world's tallest rocket
WHO chief says Fidel Castro looks wonderful | International |
Somali pirates warn Britain against yacht rescue | International |
Iran tells EU it is ready for "constructive" talks
US new home sales in surprise fall
US durable goods orders rebound in September
Yemen seizes boat off coast, arrests 5 Iranians
NATO chief to discuss Afghan cooperation in Russia | International |
Darfur elders urged to help free aid worker
Swiss to tighten assisted suicide rules, consider ban | International |
Lebanese army dismantles 4 rockets near Israel
Google unveils free GPS navigation for mobile phones
Crucial holiday season arrives for video game industry | Technology |
SKorea's opposition beats ruling party in by-elections
Pakistan bomb kills 92 as Clinton visits
Boulder DA to investigate balloon boy sheriff
Indian president meets British PM in state visit
Mongolia parliament approves PM resignation: state TV
Japan's new govt may 'fracture' US alliance: opposition
Feds file suits over $562 million bogus tax claims
Australia insists Indonesia must deal with migrants
Plans to rebuild damaged CCTV building under way
ACORN drops Pa. county prosecutor from lawsuit
Health care issues: The cost of health insurance
At least 10 killed as China bus falls off hillside
Former sex slaves urge Japan PM to resolve issue
Afghanistan reports 1st swine flu death
Ford picks China's Geely as preferred bidder for Volvo
Drought, typhoons hurt Asia's rice production
HSBC to set up credit card joint venture
Pakistani stocks, rupee end weaker after blast
BOK board member calls for fast rate rise -report
Jackson's dermatologist files $50k claim
Cancer didn't beat Patrick Swayze, wife Lisa says | Entertainment |
Miley Cyrus voted worst celebrity influence of 2009 | Entertainment |
New Moon rises to No. 1 on Billboard 200 | Entertainment |
Baz Luhrmann's Australia snubbed in home film awards | Entertainment |
Australian author saves tsunami village, rescues self | Entertainment |
Kenya Slams 'Uninvited' U.S. Diplomat Over Visa Ban Announcement
Murder Suspect's Escape Foiled When Woman Takes His Keys, Wallet From Getaway Car
9-Foot Burmese Python Found In Vero Beach Backyard
Quarantine Efforts Fail To Stop Spread Of Longhorn Beetle In Nova Scotia
Bad Economy A Divorce Deterrent For Americans
Store Owner Happily Captures 5-Foot Gator In Massachusetts
Baby Boy Healthy After Mom Gives Birth On London Bus
Michael Jackson Earned $90 Million Since Death, Ranking Third On Forbes Top-Earning Dead Celebs List
Feces-Throwing Burglar Goes Ape Gets 31-Year Sentence
FAA Revokes License Of Northwest Pilots Over Laptop Use
World awaits Iran's response on uranium deal
Google gets its groove on with music search
US economy likely to post first growth in year
Europe's leaders grapple with bloc's future
IAEA says had good trip to Iran enrichment site | International |
Lisbon opt-out is Klaus's last condition: Czech PM
Fibre may keep asthma, diabetes at bay, study finds
US-TECH Summary
Five U.N. foreign staff killed in attack in Kabul | International |
Tax-cutting Merkel kicks off second term
Reported jailing of British embassy worker slammed
Google Voice call blocking limited, company says
U.N. official heads to Iraq after Baghdad bombings
Firms accept Ecuador plan to break pharma patents
Google launches music search with Lala, iLike
Iran to respond to atomic deal Thursday in Vienna
Politico owner launching local Washington news website
U.N. official heads to Iraq after Baghdad bombings | International |
Smokers could go virtual to kick the habit: study
Ailing CIT gets $4.5 bln loan, rejects Icahn offer
Chinese visit seals end of chilly ties with Australia | International |
UN staff killed in bloody countdown to Afghan vote
Crucial holiday season arrives for video game industry
Iran supreme leader: Questioning elections a crime
U.N. torture expert detained in Zimbabwe airport | International |
Motorola's Droid has Google navigation features
Google adds free GPS navigation to mobile phones
Motorola's Droid has Google navigation features
Radical Islamic leader killed in FBI raid in Detroit
Google launches music search with Lala and iLike | Technology |
Amazon.com rolls out shortcut for paying online | Technology |
Nintendo to launch larger-screen DS for $222 | Technology |
LA police link man to Israeli team, Chivas thefts
Seoul's aid offer one-tenth of NKorea's request: report
Swine flu prompts hundreds of schools to close
Chinese visit seals end of chilly ties with Australia
Mich. teen guilty in beating death of homeless man
Google Voice call blocking limited, company says | Technology |
Car bomb kills 100 in Pakistani city of Peshawar
Al Ittihad to meet Korean challenge in AFC Champions League final
Turmoil from climate change poses security risks
Pakistan bomb kills 105 as Clinton visits
Gunmen storm UN guest house in Kabul, 11 dead
Lawyer: Woman in sex-for-tix case has Phils fever
MoMA 82-story tower approved by NYC Council
Bob Heisse elected to APME leadership ladder
Japan shoots down missile in test off Hawaii: US
NZ household borrowing up in September
S.Korea fin min says closely watching market rates
S.Korea large firms' Nov sentiment down
Seoul shares hit 2-mth low; POSCO down on Q4 worry
S.Korea T-bonds gain on weak shares, U.S. data
Japan's factory output up for seventh straight month
Seoul shares hit 2-mth low; POSCO sinks on Q4 worry
NZ cenbank sees rate on hold until H2 2010
NZ's Auckland Intl Airport repeat 2010 net guidance
China Security & Surveillance shares drop
Gritty drama a "Precious" commodity in Hollywood
Cancer "didn't beat" Patrick Swayze, wife Lisa says
This Is It a fascinating look at work in progress | Entertainment |
Stand-off refugees can't choose destination: Australia
Indonesian police foil human traffickers
Movie makes Taiwan relive 'White Terror' period
Google gets its groove on with music search
Gritty drama a "Precious" commodity in Hollywood
French prison drama wins London festival award
4 charged with burglarizing celeb homes
Lilith Fair returning in 2010 with 18-city tour | Entertainment |
Tight pants a no-no for women in Indonesia's Aceh
Fewer holiday gifts but more cheer in US, poll
Gritty drama a Precious commodity in Hollywood | Entertainment |
Church plans Christ the Redeemer upgrade in Brazil
"New Moon" rises to No. 1 on Billboard 200
Cancer "didn't beat" Patrick Swayze, wife Lisa says
French prison drama wins London festival award | Entertainment |
"This Is It" heats up box office on first day
, Microsoft extend talks on Web search agreement
Afghanistan calms security fears after hostel attack
Iran proposes big changes to draft atom deal: report | International |
Deutsche Bank reveals crisis-beating results
Nintendo interim profits plunge more than half
Afghanistan calms security fears after UN hostel attack
Iran to propose two amendments to IAEA deal: report
Iraq says 153 people died in Baghdad bombings
Zero-emission scooter to debut in Japan
Russia, Ecuador praise ties but no rebel recognition
Afghan, Pakistan carnage raises heat on Obama
Iraq arrests senior officers, vows more over blasts | International |
Honduras lodges lawsuit against Brazil at U.N. court | International |
U.N. must act on Zimbabwe: expelled rights expert | International |
UN chief says Iran should accept uranium plan
Stasi files still cast shadow, 20 years after Berlin Wall fell | International |
Philippines sends relief teams in path of typhoon | International |
Sudan cautiously welcomes African Darfur proposals | International |
China's Hu invites North Korea's Kim to visit: report | International |
Salsa, karaoke out as U.S. eyes austere Afghan war | International |
NBA introduces live games on U.S. mobile devices | Technology |
Car bomb in crowded Pakistan market kills 100
Leader Of Muslim Fundamentalist Group Killed In FBI Raid
Study: 17,000 Children Died Because They Lacked Health Insurance
Nintendo cuts forecast as Wii loses sparkle | Technology |
Obama Honors Fallen Soldiers In Surprise Visit To Dover
U.S. To Pay Taliban Fighters For Allegiance
Government's Star Witness In Ted Stevens Trial Sentenced
White House Calls AP Story On Overstated Stimulus Jobs 'Misleading'
Costume Face Paints May Contain Toxic Metals
EPA Announces Green Parking Lot Study In Effort To Protect Water Sources
Obama Signs Bill Making Gay Attack A Hate Crime
Kenya Slams 'Uninvited' U.S. Diplomat Over Visa Ban Announcement
Japan's Mitsubishi, Mazda see red in first half
Ailing JAL to seek help from state agency
Japan's Hitachi posts $1.5 billion interim loss
TABLE-Foreign trading in Taiwan stocks
Nintendo profits sink on Wii woes
Philippines aiming to join China's resource boom
Miley Cyrus voted worst celebrity influence of 2009 | Entertainment |
China's Geely faces Volvo safety image challenge
John Lennon film brings London festival to an end | Entertainment |
Japan's NEC posts big interim loss
Pakistan's FY09/10 GDP projected at 2.5-3.5 pct
Sean Penn wants to shoot film in Venezuela: Chavez
'Red' German farm scores 'green' success
Did India invent the nose job?
Art trade bounces back, still not a pretty picture
US-ENTERTAINMENT Summary
"Little Miss Sunshine" to play Helen Keller on Broadway
Disney wants to build production studio outside LA
Tigres del Norte nix Mexico show, cite censorship
Jackson case MD due in court child support case
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01