The Official Cash Rate (OCR) remains unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: There are welcome signs that economic activity is growing again. Activity in New Zealands trading partners continued to rebound during the September quarter and financial market sentiment has improved further. However, there remain significant…
Recent indicators point to the start of a global economic recovery, although significant fragilities remain. A recovery in economic activity is also under way in Canada, although the current strength in the Canadian dollar is expected, over time, to more than fully offset the favourable developments since July. The Canadian…
Reports from the 12 Federal Reserve Districts indicated either stabilization or modest improvements in many sectors since the last report, albeit often from depressed levels. Leading the more positive sector reports among Districts were residential real estate and manufacturing, both of which continued a pattern of improvement that emerged over…
