Bloomberg News

Reserve Bank of New Zealand Benchmark Rate Unchanged at 2.5%

June 08, 2011

June 9 (Bloomberg) -- New Zealand’s central bank kept its benchmark interest rate unchanged at a record-low 2.5 percent today, according to a statement from Governor Alan Bollard in Wellington.

The decision was predicted by all 15 economists surveyed by Bloomberg News. Five forecast a rate rise in the fourth quarter and 10 forecast no change in borrowing costs until 2012.

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editor responsible for this story: Tim Smith at tsmith58@bloomberg.net


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