The NZ Minister of Finance Bill English says that the Central Bank of New Zealand won’t probably have to decrease the interest rate because the business confidence will be regained after the decline caused by the strongest earthquake in the last 80 years.
Alan Bollard, Governor of the Reserve Bank of New Zealand, previously lowered the interest rate down to 2.5% after the earthquake.
FOREX. Experts from the Department of studying Masterforex-V trading system note that NZDUSD keeps rallying. After breaking the MF pivot and sloping channel the currency pair came close to the crucial resistance level located at 0.7973. Breaking above it will indicate the formation a bullish FZR of Weekly.
