NZ's Cullen apologises for interest rate 'slip'

Finance Minister Michael Cullen has apologised after saying that the Reserve Bank of New Zealand had raised its key interest rate "today" - the RBNZ is due to meet on Thursday 9 September to decide monetary policy.

During Parliamentary question time on Wednesday Cullen praised the strength of the New Zealand economy, telling the House: "Although the Reserve Bank raised interest rates today, it did so because growth is so strong."

The Reserve Bank is set to make a monetary policy statement on Th