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The New Zealand Herald:nzherald.co.nz

Thursday July 24, 2008


He's done it! Bollard cuts interest rates

He's done it! Bollard cuts interest rates

Updated 9:30AM

Reserve Bank governor Alan Bollard has cut the Official Cash Rate by 25 basis points, taking it down to 8 per cent - the first rates cut in five years. Since July 24, 2003, the Reserve Bank governor has raised the official cash rate 13 times, taking…More

Today’s Top Stories

Brian Fallow: Bollard asks what the hell - why wait?

In a 'What the hell, why wait?' decision Reserve Bank governor Alan Bollard has cut the official cash… More

Rise in public support for police to carry guns

New Zealanders have changed their minds about an unarmed police force. More than half of those in a… More

Wet, wild and cold times ahead

A cold blast is set to blanket Canterbury in snow this morning while Wellington could be battered by… More

National

NZ zooms up world cost-of-living scale… More

World

Protester glues himself to British prime minister… More

World

Photos: Hurricane Dolly batters Texas, Mexico… More


Hanover silence angers investors

Retired couple Alan and Hilda Glatt rely on their investments with Hanover Finance for income. The pair, both 79, are among 13,000 investors who had their money frozen by New… More


Finance sector starts to fight back

Despite the freeze on Hanover funds there were positive developments in the finance company sector yesterday as Speirs Group and Allied Farmers said they would merge their finance… More


Your Views

Has Alan Bollard done the right thing cutting the OCR rate?… More

Your Views

Team Henry or Team Deans? Who will win?… More

Your Views

Should local all doctors face an annual test of their competence?… More


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Hurricane Dolly batters Texas, Mexico

BROWNSVILLE, Texas - Hurricane Dolly slammed into the South Texas coast overnight with punishing rain and winds of 160lm/h, blowing down signs, damaging an apartment complex and… More

Wireless standard will cut the cables on hi-def video

NEW YORK - Sony, Samsung and other consumer-electronics heavyweights are uniting to support a technology that could send high-definition video signals wirelessly from a single… More








Sideswipe with Ana Samways

Russell Parrish of Epsom writes: "This sumptuous, beautifully prepared picnic sat unattended in the rain at the corner of St Andrews Rd and King George Ave all day Tuesday. I…… More

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John Key - the unauthorised biography

An indepth look at the NZ National Party leader. More

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'Forbes' magazine releases list of best-paid Hollywood actors

Will Smith has topped a list of Hollywood's highest paid actors. The Hancock actor - who has made $80 million (NZ$105.9 million) in the last year - became… More

Something Wicked comes Melbourne's way

It was a dark and stormy night in Melbourne, the winds howling, spotlights shooting up into the scudding clouds, helicopters circling above. Despite the chill of… More

Judges get busy on more than 3000 pies

The traditional kiwi meat pie may not top the list of healthy food choices, but it leads the way in baking competitions. Today 30 judges from throughout the… More


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