The RB has dropped the rate to 8%. This will be a surprise. Expect the dollar to fall sharply. They will be celebrating on the 9th floor!
Unfortunately this means that the RB thinks that things are really bad with the domestic economy.
This blog was dedicated to the monitoring of latest developments in Central, Regional and Local politics from its base in New Zealand's capital city, Wellington. The blog was run by a team with unique insights into latest developments. The Hive was not politically aligned, but did support policy that was best for the growth of business and the economy. Given the obvious interest from our readership The Hive from time to time delved into the politics of other countries or regions.
