RBNZ holds rates unchanged, Sweden hikes

The Reserve Bank of New Zealand left its official cash rate unchanged at 7.25 pct on Thursday 26 October reflecting slowing economic growth. Swedish interest rates were raised in a widely expected move.

RBNZ governor Alan Bollard said there has been a significant improvement in the near-term inflation outlook due to lower oil prices and a higher foreign exchange, but warned that inflation risks are still skewed to the upside.

"Further monetary policy tightening cannot be ruled out, and any eas