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Special Report: RBNZ seeing some signs of global and NZ recovery, holds OCR at 2.5%

Posted in News

Bernard Hickey with a special report from the Reserve Bank in Wellington.

For more on this morning's Official Cash Rate announcement, click here.

To see this morning's RBNZ press conference, click here.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

The right message ? Good

The right message ?
Good informed people are concerned of currently worldwide bad situations/ developments on many fronts such as economy/ politics/ health/ environment and it's negative consequences here in NZ. For many it sounds like an "Economic Bible Session" when some economists/ experts telling us unemployment will peak 8,55 % by 2010, the property market will recover sooner and banks are in good shape etc.
Unfortunately for many others (majority) it means: Don't have to change life- style, the way of thinking and knowing something positive is happening around them - which means spending again and consequently more debt - trapped.

.......or are our leaders/ experts

.......or are our leaders/ experts simply not value the correlation of these events enough ?

...or sheer desperation from leaders/

...or sheer desperation from leaders/ governments
...or just a few idiots like me too much worrying about the world -

Let's see what happen to R. Worth and D. Bain today.

Hmm- all nice, friendly people

Hmm- all nice, friendly people here. :-)