New Zealand holds rates at 8.25%
Alan Bollard, the governor of the Reserve Bank, said that it was likely that rates would remain on hold "for a significant time yet".
At 8.25%, the benchmark official cash rate is at an all-time high since its introduction in March 1999. However, at 3.2% for the year to December, inflation is above the central bank's target band and rates must remain at current levels if inflation is to move within range over
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