The economic recovery is proving 'brittle, uncertain, and full of surprises', Reserve Bank Governor Alan Bollard says.

The New Zealand dollar held above 75 US cents as the greenback rallied after China boosted the level of cash that six of its biggest banks need to keep on hand.

What happens if two countries cannot agree on the appropriate value for their mutual exchange rate? All sorts of accusations start to fly around.

The New Zealand dollar is nearing 75 US cents after share markets around the world rallied overnight.

The New Zealand dollar fell from a 10-month high as a pick-up in American housing data polished the appeal of the beaten-down greenback.

I feel like a priest who has been wrestling with his belief in god...

Economists believe GDP stats due out this week will show the NZ economy has expanded less that the Reserve Bank forecasted, confirming that interest rates are on hold for now.

A weakening recovery and the Christchurch earthquake have prompted the Reserve Bank to leave official interest rates on hold this morning at 3 per cent.

If Alan Bollard's interest rate decision today had needed a theme song, it would have been the Rolling Stones' "Time is on my side."

The Christchurch earthquake means the Reserve Bank is now unlikely to raise the Official Cash Rate (OCR) again until next year, ASB economists say.

The New Zealand dollar opened firmer this morning as anxiety about the global economy eased.