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.
Mar 19, 2008
Fed Cuts 0.75%
The Federal Reserve made another big interest rate cut this morning in the US. The differential with New Zealand is now an enormous 2.25% as opposed to 8.25%.