Official Cash Rate to remain restrictive at 5.50 percent

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Reserve Bank Bulletin released

The Reserve Bank today released the September 2012 edition of the Reserve Bank Bulletin.

The Bulletin's first article is based on an interview with Alan Bollard who has just completed his second five-year term as Governor of the Reserve Bank. Dr Bollard reflects on his time with the Bank, especially the policy challenges, relationships, and changes in the regulatory framework.

The economic impacts of the Canterbury earthquakes are explored in the Bulletin's second article. While the Canterbury economy has proved reasonably resilient, some sectors have been hard hit. Repair and rebuild activity is underway and is expected to accelerate, but it will take at least a decade to complete.

Another Bulletin article examines foreign currency reserves, while the fourth article explores asset returns and the investment choices of New Zealanders.

Media contact:
Naomi Mitchell
External Communications Adviser
Ph 04 471 3960, 027 485 9474, [email protected]