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Full Coverage: Interest Rates Rise, July 2007

Reserve Bank: Sludge Report #178: Let The Squealing Begin - Video + Text Report: Around 8.16 am this morning the sound system in the Reserve Bank's media room malfunctioned. A roaring noise from outside on the road could be heard and a Radio New Zealand wit expressed the view that it must be the bank's money dragon roaring. By then we were all locked in with the knowledge that Dr Bollard has raised the Official Cash interest Rate by a further quarter of a percent to 8.25%. More >>


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