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The New Zealand Herald:nzherald.co.nz



Pass this rate cut on, Bollard tells banks

Pass this rate cut on, Bollard tells banks Alan Bollard announcing the 1.5pc cut today. Images / Mark Mitchell, Christoph Lukasser

Alan Bollard announcing the 1.5pc cut today. Images / Mark Mitchell, Christoph Lukasser

Updated 12:10PM

New Zealand's banks have been told to pass on the benefits of today's record 1.5 percentage point cut in official interest rates. Making his move this morning, Reserve Bank governor Alan Bollard made… More

Today’s Top Stories

Crown outlines case at Nia Glassie abuse trial

Updated 11:58AM

The Crown has begun its case against the father of two brothers who murdered Nia Glassie, on trial for separate… More

Investigators: Air NZ crash still inexplicable

PARIS - Investigators probing the crash of an Air New Zealand airbus say they cannot explain what caused the Airbus… More

Woman accused of baby snatching attempt

Updated 12:42PM

A 20-year-old woman has appeared in court charged with attempting to snatch a baby from a private Christchurch… More

National

Fran O'Sullivan: OCR cut good and bad for Key… More

Sport

Photos from the Wallabies v Barbarians at Wembley View

Business

What today's interest rate cut might mean for Xmas sales… More


Phobia-case woman jailed over fatal crash

A killer driver who escaped jail because she has a phobia of unfamiliar places is now behind bars. Lesley Caudwell of Papakura was originally given 12 months' home detention after… More

Economics editor Brian Fallow: No grinch from Bollard today

There was nothing of the Grinch about governor Alan Bollard today. He delivered the deepest cut ever in the official cash rate - 150 basis points or six times normal - foreshadowed… More


Your Views

What is the stupidest Christmas present you have ever given or received? What is the stupidest Christmas present you have ever given or received?… More

Your Views

Should Auckland's homeless be forced off central-city streets? Should Auckland's homeless be forced off central-city streets?… More

Entertainment

Why David Beckham's visit is a flop Rachel Glucina: On the trail of David Beckham around Auckland's nightspots… More


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Was Reserve Bank Governor Alan Bollard's record 1.5pc cut to the Official Cash Rate a good move?

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Amy Winehouse's hubby sent back to jail

UPDATED: Soul mess Amy Winehouse 's husband Blake Fielder-Civil is heading back to prison after failing a routine drug test. Fielder-Civil, 26 - who recently… More

So long, farewell: Salzburg scraps 'Sound of Music' hotel plan

VIENNA - The Sound of Music has faded in the Austrian city of Salzburg, which has blocked plans to turn the original von Trapp family villa portrayed in the Hollywood… More

A frugal festive season at the White House

WASHINGTON - In the spirit of a tough US economy, holiday decorations from Christmases past are adorning the White House this Christmas. First lady Laura Bush… More


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