The Reserve Bank said it had left its official cash rate
(OCR) unchanged at 2.5 per cent but left no clues as to when
the next tightening cycle would begin.
Fonterra has unexpectedly left its forecast milk price
unchanged at $8.30 and slashed its dividend by 22c, due to
what it describes as an ''extraordinary situation''.
Dairy farm manager MyFarm has extended the $3.5 million
initial public offering on its Southland, Gold Creek farm,
having gained the minimum $2 million investment required
during the past month.
Beef and Lamb New Zealand chairman Mike Petersen believes
there is a significant opportunity to improve profitability
in the red meat industry through the Red Meat Profit
No change is expected today to the Reserve Bank's record low,
2.5% official cash rate (OCR), as the strength of the New
Zealand dollar remains of most concern for economists.
Login or Register
to add your business to the ODT/directory. Quick link to
cars for sale
Submit your news & photos - Login or
Opinion? Have your say - Login or Register
event or notice
Add a photo
Make ODT my
Otago Daily Times print and digital edition, The
Star - Dunedin, The News - Central Otago, The
Ensign - Gore, Southland Express -
Invercargill, The Courier - Timaru, Queenstown Times - Queenstown, Mountain Scene -
Queenstown, Extra! schools
Times South Canterbury