Reserve Bank of NZ – hike still predicted for June 10

Given the reduction in the unemployment rate in the March quarter, commentators believe that Alan Bollard (RBNZ Governor) will increase interest rates in June. However, with the Greek  sovereign debt crisis and other Euro zone countries in a similar predicament one wonders if another financial crisis is imminent. Also a falling Euro has affected NZ exporters. Click here for Central Bank rates worldwide.

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