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Inflation targets questioned

BNZ economists suggest the targeted 1-3% inflation band could be lowered

Sharp swings in USD

Risk-off sentiment, poor sharemarket performance, suprising US data and Saudi military operations in Yemen combine to drive USD higher against majors

Bond yields and carry trade drive the NZD

Good German confidence and 'woeful' US data pushes around the majors, but the NZD comes through relatively unscathed

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Fonterra disappoints, Ruataniwha gets lifeline, China's consumers smiling, trade surplus vanishing, mortgage approvals peak, swap curve flattens

China's 7% growth target under threat

Chinese PMI comes in below 50; US headline inflation positive surprise; NZD/USD remains well supported

What happened Tuesday

A review of things you need to know before you go home on Tuesday; Spark borrows at 4.5%, Grant Spencer gets big OECD role, MRP to shut capacity, Payments NZ gets new members

Time to cut floating mortgage rates

Gareth Vaughan argues it's time for banks to cut unjustifiably high floating mortgage rates

NZD/USD above 100-day moving average

A close in the NZD/USD above 76c seen as bullish signal; Fed Vice Chair affirms rate rise likely before year-end; AUD outperforming peers

What happened Monday

A review of things you need to know before you go home on Monday; Westpac and Heartland cut rates, Rabobank reports fatter profits, Lee Kuan Yew is dead, NZ and Korea sign big deal, swap rates and NZD rise

Don't risk a state house fire sale

David Hargreaves challenges the Government to let common sense prevail - and axe its proposed state housing sale